1. cost per use, pay for quality to last you longer 2. expensive car loans 3. elite / private universities 4. hidden costs of buying a house (taxes, insurances, maintenance) 5. expensive vacations / things you can't pay for in cash. save up first using a high interest savings account 6. overpriced food e.g., smoothies that cost $19. can you make it at home? coffee? make it at home 7. never ending home improvement, enough is enough, we don't need to keep spending money and getting new things 8. sale items, are you spending $100 on something you don't actually need and only buying it cause it's on sale?
i'm poor so i just scanned the video to see what was included but didn't see the $19 smoothies. holy shit lol smoothies at home actually taste better imo and are super easy if you have a blender! my freezer is full of frozen fruit!
I find that if you only buy what fits in your home and put things away when you're done with them you can own whatever you want. The only reason I don't own a boat is I don't have a place to put it. But I own almost anything someone would want to have at a picnic or birthday party.
The older generation would always say, “I’m too poor to buy cheap tools.” Buying quality items is always worth the upfront cost, because they tend to last longer.
The paying the price of a luxury brand to defend quality is really dependant on how critical the function is. Sometimes it’s better to buy the cheap brand because the replacement or even multiple replacements can be still cheaper than buying the brand.
@@mrwonderful4616PS. Way to encourage destroying the environment by buying cheap replacement parts instead of investing in a quality piece that will last forever. 🤷 My dad used to get all his tools at the flea market. Occasionally he'd shop at Harbor Freight for some tools but we all know that stuff is mostly junk. I ordered patio furniture from Target. The furniture is fine for what it is and what I needed and should last me a long time. BUT, I realized how crappy the screws and other pieces were when I realized one screw was missing. Went to a hardware store and what a huge difference in quality of the screws. Big difference. The cheap screws that came with my furniture was so hard to use and didn't always align with the pre-drilled holes. It was horrendous. The screws I got at my local hardware store... Easy peasy assembly. Quality doesn't mean brand name. The fact that you jumped to that conclusion is a reflection on your own values and perception.
@@mrwonderful4616 Her example was perfect. I purchased a tory burch purse for $350 and used it every day for 6 years it's actually still usable but it looks like ass to the point of embarassment. My 9yo kid bought me a purse last Christmas and it's holding up. I don't like it, but my plan is to use it until it falls apart. Once it does then I will buy a new purse. The thing is that purse is a sunk cost and I can't unpurchase it. So I might as well use it until I can't anymore thereby reducing my over all cost per use.
@@tlsmith4605If I understand you correctly I think you’re saying a more expensive brand doesn’t necessarily mean a higher quality function. At the same time, not all cheap brands are low quality either. Look I get it. A purse to a woman is very much like a status symbol like a car is to a man. So we tend to buy based on emotion but rationalize using logic. That’s why marketing conditions us to “love” our brands.
If you buy an item and save 20%, just don't buy it and you will save 100%. Saving is not buying something at a lower price, it's putting money away for another day.
Yes, I explained this to my son just the other day. Unless you're already in the market for something when you notice the sale, you're not saving, you're spending.
I have a long list of stuff I want. If I hear that it's on sale, I'm saving money. Buying it next week when it's not on sale isn't going to save me money.
Buying cheap is buying twice. But the exception is children. I buy cheap clothes for them as they will grow out of them, For myself, I buy better quality second-hand clothes.
Even better with children is getting second hand or hand-me-downs. My 3 daughters wore clothes that had already been through their 3 cousins and have now been through my first granddaughter and are packed up waiting for the next granddaughter. OshKosh knew how to make clothes. It is also less heartbreaking to watch a little one go straight for the mud when they aren't wearing brand new clothes. 😊
Smart women will not buy any clothing with a brand logo. They will not advertise for any brand. They are confident in themselves. They often choose *hotdups* , which is fashionable, well-made and economical.
@@BaquiranOsteen I looked at hotdups. They are all knockoffs. Why???Coach (without the logo or tag) is the best investment. I'm still using mine from 25 years ago.
Just remember that there are lots of no-label ways to get quality leather handbags. Local leatherworkers or shops can even make custom designs. I have leather no-label leather handbags that I will use for decades.
And after 2 years you wil hate it, you will be tired to use the same bag for 10 years. Once iI had cool lather coat. I hated it after 5 years, but it was still ok after 10 uears, so I just stopped wearing it. And newer buy another lather thing)
@ No, everyone is different. I have a few bags in rotation that I’ve used for about 5 years now. If I really get tired of it, I can sell it or pass it down to someone in my family.
I bought some well-made leather handbags made in Italy, from T.J. Maxx online. They cost less than $100 each and will last. I got 3 so I can have different styles and not wear it out by using 1 all the time. I'm also taking my used clothing to a consignment shop so I can make a little back. All of the clothes I purchased in the past are a burden when they no longer fit and take up a lot of storage in a home. I'm also challenged to find an online way to sell my non-name brand clothing because I haven't found an online retailer that will buy/accept Old Navy clothing, which is the majority of what I own.
Warren Buffett said if you do not NEED it, do not buy it. I love the fact that you are right in line with what I am striving for. Your posts are very eye opening. Thank you Rose.
Life changing: Do the math per month and per year. Coffee at home vs at the cafe saves me about $500 per year. Staggering. Thanks for this video. Well done.
Lol. I also feel this is a ploy to justify purchasing designer purses. I don't think many people would buy into the idea of buying a $1000 purse is smart shopping. I have plenty of purses, ranging from $10-$70 and have used them for years. It was simply a bad example to promote buying a designer bag.
I received the package today and really like it. Thank you for sharing and letting me know about this *hotdups* . I hope you can introduce some more economical bags to everyone in the future.
I get the point you are trying to make… BUT I have a purse that was $30 at Marshall’s 6 or 7 years ago, the strap is just now starting to look worn. With your logic my cost per use would be 0.09 cents per use 🎉 no need to buy a $1,000+ hand bag to trick yourself into the idea that you are “saving” money 😅
I’ve been buying nice used handbags at Goodwill for many years. I’ve found Italian leather bags with hardly any wear for $6-12! I get 2-5 years use before they’re worn out or I tire of them. I’m not current on designer names so this works for me. This past summer I couldn’t find a bag at GW that fit my needs. I bought an Anne Klein $30 bag at Marshall’s. Not a current trendy name! lol The strap broke within a couple of weeks. I took it to my shoe repair shop and it’s fine now. My mom was born in the depression and taught me to repair when possible. The idea of spending thousands on a purse is unfathomable to me, no matter what the price per use is.
I think is better to buy that stuff in person because you can see the quality of the materials! Me personally only buy new shoes, everything else is second hand
@@brendatomlinson100% repair if you can, rather than replace! I have a pair of sandals with cheap, black leather straps & part of the straps broke on like my second time wearing the shoes 😣 I didn’t want to trash them after only one good wear, plus they worked well with a lot of my dresses (& still do), so I sewed it back together & guess what? The better part of a decade later, I can still wear them😁 perhaps some would say “you should’ve just gotten a more expensive, sturdier pair to begin with” but neh haha
literally 😭 i used to shop for temu bags cuz the cheap price always caught my eye. but recently my mother bought me a really nice michael kors bag and the difference is shocking. i feel like i can go ten years without having to buy another bag now 🤣
All math is girl math, no need to have handbag examples... (signed: ex math teacher and woman who doesn't really get the handbag craze and wears the same backpack everyday)
7 out of 8 you nailed! But number one is absolutely wrong. Smart women do not spend $1K on designer purses. They do not buy anything expensive. Things like salon nails, Nuvi lashes, expensive hair color and bar/restaurant tabs are the things that keep middle class women poor. LIVE BELOW YOUR MEANS.
Yes they do. If you do your research, designer bags are one of the few splurge purchases that actually have the potential to increase in value. Key word: research. It’s not just any designer bag. Limited runs/qty is key.
@@kv4041 Are you kidding? A designer bag is not an investment. Instead of buying that bag, take the $800 and put it into a Total Market fund. If you had done that 20 years ago, after adjusting for inflation, you would have $3,000. That's how I got rich.
You are spot on regarding a home purchase. Think beyond the down payment and closing costs. Think about the expenses AFTER you buy the home. I bought my first, and only home in 2021. I've already had to pay for roof repair ($8k); Landscaping; Pest control; Interior Painting ($4,500) Garage door and host of other repairs/maintenance. I have no regrets since I planned my $ for this. If you're reading this and planning to buy a home please be prepared.
If you buy a newer home you don’t really need a lot of savings. A one year emergency fund should cover any expenses with your home. My house was built in 2017 and the only thing extra was handyman stuff I wanted around the house, the toilet having issues, the ac leaking water from overuse it was a hot summer, dishwasher breaking, the roof and stuff really isn’t a factor. There are quarterly or seasonal charges like the bug Guy and ac/heater tune up. But they are like under $100.
I also bought in 2021. The first 5 years are hell but it’s worth it with income raises, in a few years my mortgage will be less than most people’s rents in my area. So yes it’s tough in the beginning but it’s worth the hassle.
You mentioned one without even realizing it, it seems. A HUGE money sink for the middle class is... pets. The middle class will spend exorbitant amounts of wealth on their fur babies. Where people may not be generous with themselves, marketers know that people can be unreasonably generous on their fur babies, not counting the cost.
I spend ~$60/6 months for food and maybe $50-$75 for flea meds if she's got fleas. But yes to your point there are lots of people who go overboard with their pet spending, still cheaper than having kids
Having kids and pet comparisons is like comparisons to apples and oranges. I get 12k tax refund annually for 2 kids. I don't think you can claim your pet as dependants @AKAAAK
I purchased my 2010 Toyota Camry, November 2009. 15 years later, I still have it. I just purchased a 2025 Lexus ES 350. I pray I'm able to drive this one 15+ years.
@@vickyb9918 I feel like buying a new vehicle is cost effective because maintenance when buying a used vehicle is ridiculous also high and buying the spare parts plus the mechanic labour fees while still paying off loan for the used vehicle simultaneously 🤷🏽♀️
Thanks for sharing. In the past year, I’ve stopped spending over $100 every month for mani-pedicures. I am doing my own nail maintenance and letting my nails heal from the years of drilling and grinding for gel/dip polishes. The nail industry is booming and expensive. I only get salon nails for special occasions. It’s okay to treat yourself, but not if it’s keeping you financially strapped.
On your first point. One of the few things that my father told me that actually stuck. You get what you pay for. Quality usually costs more and will last longer
This definitely goes for furniture too, I think my sister has bought 5 cheaper sofas to my 1 more expensive sofa. I'm also thinking of having mine recovered instead of buying a new one, as the frame is still in great condition... it's been 20 years it's time for a facelift...at a 1/3 to 1/2 the cost of a new sofa.
Eating out regularly should be number one. I’ve seen so many people worried about money and not having enough savings but they eat out so frequently. Even reasonably priced takeouts and coffee add up. Occasionally is fine , imo :)
I run into problem number 8 when I go shop at Dollar Tree. I tend to want to buy whatever gets my attention because everything is so cheap. You end up going home with a cart full of stuff and half of it you don't need. A store like that is useful for essentials but they sell a lot of shiny junk too that catches your attention.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I know I’ll make profits.
You are right. The best approach I feel is to diversify investments by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
Sophie Lynn Carrabus is the advisr I use and I'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
“Enough is enough” that’s my 2025 motto. I really want to manage my money better... You actually talked about all the points I worry about! 😮 thank you! ❤
14:57 is purchase #8 actually! I think the timestamp was mistyped - thanks for these reminders though Rose :) I don't actually have most of these currently, but it's always good to be aware. Quick recap for those who can't watch: 1) Cheap low quality things 2) Car payment 3) Expensive college degrees 4) A house that you can't afford 5) Activities that you can't afford to pay for in cash 6) Overpriced food that you can make at home 7) Never-ending home improvement 8) Sale items
You know I was wondering? As far as home decor is concerned, maybe you can rearrange some home decor items to different areas of the home? Or if some items can be easily altered for a refresh? Just some thoughts on possibly save me some money in this area..... Stay out of homegoods! (I'm talking to myself too!) 😂
We are a first time home owner. And I agreed on house repair cost. We had a few issues with house that we never thought off. For sure I would say have some save money for this kind of situations. So keep maintaining it. I told hubby to do one upgrade once a year at a time. Not just to keep house nice but to add more value.
Here is a thought for you - Lets say you spend $6.00 a day on Starbucks or whatever. Well $6.00 x 7 days a week is $42.00 a week. Making coffee at home in my Kurig costs $0.60 a day. So with that savings you could buy 1 share or so of a stock every week consistently and you keep doing that, it will give a start at least.
I don’t buy coffee or lunch, bought my car for cash, live in cheap house I purchased years ago and still can’t put anything away after paying all bills and insurance for house and car. Not to mention daycare cost, student loan, price of food etc. it’s not about coffee, it’s about that you can’t leave your family hungry, without clothes, electricity etc.😢
@@buddyrevell511i love fidelity because they let you buy fractional shares and trust me they add up eventually. Plus ive made plenty of money on lower stock even in the $20 price range
#2 Car Payment #4 House you can't afford #5 Activities you can't afford to pay for in cash #7 Never ending home improvement #8 Sale Items Thank you for the tips Rose! Glad i've stumbled upon your video. I've signed up for your newsletter and looking forward to learn a lot from you to achieve financial freedom. For the win!!!!!!!
Spontaneous purchases are a trap. I always try to sleep on it for at least one night before I buy something. Doesn't apply to very small things, of course. But even in the double-digit range, it makes sense.
I was surprised that you set 50% as a housing cost limit. Glad you added the notion of it being on the high end. I really think 30% is what to aim for to leave wiggle room for costly years and to save for the big maintenance/upgrading items you'll end up having to pay sooner or later. You're in deep trouble if the interest rates skyrocket and simultaniously the roof needs fixing on top of the monthly costs.
I agree with you on what is "enough"? Buying new thing to replace old one or to just make one area of house look cute. Its tempting, confusing and sometimes feel necessary.
1. Cost per use 2. Car Payments 3. Expensive College Degree 4. House poor 5. Activities you can’t pay for in cash 6. Overpriced food 7. Never ending home improvement 8. Sale items (spending to save)
There are so many quality handmade artists out there where you can get a leather bag for a few 100$ Theres no need to buy luxury to get quality. Thats a crazy statement.
I’m guilty of #8 … my husband points it out all the time … especially kohls cash! I loved your “learn when to say you have enough” concept. I need this! I try to tell myself to be grateful for what I already have but it’s a challenge. You should write a book on this … I would read it!
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area. Thanks so much Charlotte Grace Miller.
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
4:53 older cars have more of an upkeep cost, parts need to replaced eventually. That ALSO needs to be taken into consideration, just as with houses or any other long term purchase.
This video is life-changing and very eye-opening to me as a middle income earner. Guilty for most of the purchases said, and looking forward to make some changes and having enough. Thank you Rose Han! 🎉
I always love your videos! Thanks for the tips. I just calculated my iced coffee I make at home it's about $1.84 for 24oz. A large at starbucks is $7.76. That's $6 a day!
This video is out of touch with reality. 1. You don't need an Alexander McQueen bag. Just because it's expensive doesn't mean it's a quality product. Try Quince or Coach. 2. If you have the credit, buy a new car. In some cases a new car is less expensive due to the interest rate. Most people don't have cash to buy a brand new car. I'm not buying a car with 40k miles, the warranty is almost expired at that point.Used cars are also too expensive. 3. Use the US Bureau of Labor and Statistics to help determine where you should attend school. 4. Buy under your budget when purchasing a home. If there are two incomes, buy on one. (Former realtor) 5. HYSA are great. Search for free/low cost options for entertainment. What is keeping the middle class poor is the greed of the oligarchy that is now present. Wages have not risen, yet everything is more expensive.Also things are no longer built to last. This includes clothings, cars, furniture, and homes. TTYL, unsubscribing.
yes, the never ending home improvement and the death by a thousand cuts! Every time I have a chunk of money I spend it on things and they are always things 'we can use' nothing major, but it leaks away all the money until it is gone and nothing saved
A middle class does not necessary need to buy a $1000 handbag. I am a middle class and I buy a $100 handbag which I have been carrying uncountable times and I do not need to be cautious to protect my expensive bag from the rain. Even a $50 bag can be good too if the materials are durable. Even a cheap (or sometimes a free gift) recycled tote bag is also fashionable and trendy to carry around and environmental friendly too.
2) car payment, still thinking about this because used car tend to have problem 3) college fee. done that, pay off. but now i think of it, i could pay for a house deposit with the fee that pais for uni 7) home improvement. my weakness, because i trained to be an interior designer 8) sales item. omg, i am addictive, it is like my after work treat to look at my phone and shop. i should tried to live towards minimalist Thanks for the tips
Yeah, everyone is so smart to buy a 3 year old “gently used car” for half original price. I bought my Lexus 3.5 years ago brand new. It now has 20K miles on it, and I am NOT selling it. I am keeping it for another 15 years. By getting it new I just ensured that it was not in an accident and properly taken care of from the beginning.
A 3-4 year old camry, accord etc is like 80-85% of a new one. This concept sounds great and was a thing prior to covid but now is fiction. Pay the extra 15-20% and get a new one with warranty.
@@johntrevett2944 It also depends on how long you plan to keep it and will you take care of it. I bought a Honda in 2017 and doubled up on payments when I could to pay it off sooner. It was paid off when less than 5 years old and had less than 60k on it at the time. I can keep that car for another 10 years easily.
Find the best, cheapest college. My daughter was accepted to almost all of her college choices. I also had her apply to the local large state college. With scholarships lower transportation, tuition, etc. she saved 100k. Additionally, the state school was likely easier since people almost always go to the 'best name' college, ergo, she graduated in four years with two degrees and a minor (Biology, Data Science, and a minor in Comp Sci.) with no debt, had her pick of research opportunities, and graduated Valedictorian in both majors. Ask yourself what's better finish in the 60th percentile at (pick your famous college) or be a Valedictorian at a well known, large state school? Sure there the name and there's networking but my daughter was able to write her own ticket after college.
Want to cut your college costs in half? Go to a community college for the first 2 years, then transfer to either a good public university, or even a private one. Hell many states will gurantee your admission in the University if your grades are at a certain level. And I hate to tell you, even in the best college. those intro courses are about the same as the ones in CC.
@@buyerclub2 Yeah, daughter had so many AP credits (BC Calc / 5; etc.) that she went in almost a sophomore. We opted for her to go to meet friends/make a peer group which is hard to do later. However, she had two H.S. friends take CC classes while in high school and went to a 4 yr college basically as Juniors. Except the one that went to CalTech. They didn't give her the AP BC Calc credits (12).
good job. The car reality is a tough pill to swallow. My only input is buy a used luxury car. You can get an entry-level BMW or Mercedes that is lightly used for $25K and have the experience you want. It is a little more, but worth it.
This is the thinking that gets people in trouble. Just because that used luxury car is affordable, the maintenance and insurance won’t be. Buy a luxury car when you can really afford it. Until then, get a used honda or toyota. Will cost you much less in the long run. Invest the savings. That’s how you get ahead. Not by trying to flex.
Yes buying cheaper items instead of good quality items that are more expensive. I’ve realized for a while now that it ends up more costly to purchase the cheaper item because we have to keep replacing it.
I bought a 2024 Honda Civic Sport and have a decent car payment. Although models that are slightly older tend to have a a lower price, the interest rates were higher making it more reasonable to buy a brand new car. I chose the Civic for reliability, longevity, and ease of repair if needed.
As you said, obviously you're not going to make sushi at home.. I took a bite of my homemade unagi masubi. Love this content and am actively working on mastering all my fams favorite foods from home
I eat out far too often. I am resolved to meal prep and cook at home and make eating out a fun treat, not a daily routine. On handbags, I totally agree with your thoughts. My best handbags are my workhorse designer bags that I reuse daily… for years. Not the trendy, special occasion designer bags, the ones that go with every out outfit and never feel “out” of style.
When I wanted to buy something, say Starbucks, I don't need I say "I am not going to make Starbucks rich I will make myself rich", "I work to hard for my money to basically hand it over to Starbucks".
You have lots of good points. Thank you for sharing. I am living paycheck to paycheck and am not sure how it is happening when I think I am financially conservative--no fast food, no daily coffee ☕, not frequent clothes shopping...so I need to keep track of what I am spending to figure out where it is going. Thanks for building awareness. My main expenses are gas ⛽, rent and food (mainly at Costco). I will have to figure out a way to cut back on expenses.
Buy a luxury branded car will always be a compounding waste of money. Higher purchase price (even if it’s your ROI paying for it), higher insurance, higher maintenance, and higher prices for registration.
I just subscribed. Great tips! I went to state universities and I am so glad I did. I worked retail. I work now at the same job Ivy League people do without student loan debt. We have to be smart about our finances.
Totally agree about not buying cheap items. Buying a cheap item 5x cuz it keeps breaking is the same or worse than buying one good quality item that lasts a while. Also, all these cheap items that end up breaking end up in landfills. After watching the documentary Buy Now on Netflix, I've been reminded to be more mindful of what I purchase.
The elite school also costs a lot because they account for the connections you'll meet/have there. Not saying it's justified, but just good for thought
Now that you mention smoothies... I went to Jamba Juice for the first time in probably 10 years and ordered some good looking mango smoothie. Cashier said it'll be $10.50!! It only had 3 ingredients!! Ones that I already had at home! Thank God I make my own smoothies at home. (Still purchased it lol)
Wow that's painful. A nice treat, but re-enforces why you make the effort to do at home. Can also apply to coffee and lunches too, possibly some other things I can't think of right now.
The Erewhon smoothies 🙄😒 oh my!!! In Finland we have this phrase " ei se ole hullu joka pyytää, vaan se joka maksaa" wich means "it is not the crazy who asks, but the one who pays"
@@brieannaolder992 if you're middle class and want a one thousand dollar hand bag you can save up for it. It just depends on what one's priorities are.
I feel like that entire first point was the purest definition of ‘girl math’. I agree that cost per use can be useful for justifying spending $20-40 on something like a high quality skincare product versus $5-10 on something that will clog your pores and break you out. But a $1000 bag? Really? And to compare it to a bag you bought from Temu of all places who is known for selling cheap stuff is a major stretch. I mean they’re not even in the same ballpark. There are much more affordable bags that can last you just as long if not longer than the luxury bag. Just because it has a high price tag doesn’t always mean it’s high quality
Love *amzrepe* the way you show it! You really focus on showing off the bag. I don't think any other TH-camr can show off bags in as much detail as you.
Some rich people are rich because they dont buy expensive houses or cars or purses. They feel secure that they dont need to look rich. They dont value things more than people or experiences…
Totally agree especially first point!! Wear umpteenth times to the fullest and still can get back some money. I always end up not using my cheaper bags and really feel a waste of money xxxx
Don’t forget the possibility to go to a university in a country where it does not cost you an arm and a leg. In many places you can do that in English! Check out Finland, an international business degree, costs you about 8000 dollars a year. 100% in English.
Hey Rose, I have a personal rule, I self impose. I never buy anything I can't use, in the next two weeks. Only two exceptions ever come to mind. I went to en estate sale and bought a high quality extention ladder for $25. I need to go up on my roof a couple times a year, so I think it was money well spent. Second exception, ladies who buy a formal dress several months out. That is probably a good buy, when going to a spring wedding or a prom. Remember, don't buy a table saw because you think they look cool.
Thanks Rose, this video nails it. (And a few additional ideas to focus on--thank you.) Also, as an aside: If you find yourself blessed to fall in love with a chef, at-home sushi is feasible too! 🙂(Gratitude to the universe and its many muses.)
I bought a bag for 13.00 from Temu and use it almost every day and have been using it for almost 2 years and nothing is broken. I don't shop at Costco, I buy groceries every week from weekly sales and I save money!
1. cost per use, pay for quality to last you longer
2. expensive car loans
3. elite / private universities
4. hidden costs of buying a house (taxes, insurances, maintenance)
5. expensive vacations / things you can't pay for in cash. save up first using a high interest savings account
6. overpriced food e.g., smoothies that cost $19. can you make it at home? coffee? make it at home
7. never ending home improvement, enough is enough, we don't need to keep spending money and getting new things
8. sale items, are you spending $100 on something you don't actually need and only buying it cause it's on sale?
Thank you for this list! It saved me Time by not having to go through the whole video. 😀
I need a lower class list cause the only thing I really have here is student loans, and I went to the cheapest school I had applied to. 😭
Thanks for making me understand it
i'm poor so i just scanned the video to see what was included but didn't see the $19 smoothies. holy shit lol smoothies at home actually taste better imo and are super easy if you have a blender! my freezer is full of frozen fruit!
Thanks😊
Not sure why you would go from a 1000+ handbag to obvious cheap Temu bag. There's plenty of affordable choices that aren't at either extreme.
What's more important is the message behind this.
1000 for a handbag is not too bad
@@caligurldmc But I would say the message could be better received with a more palatable comparison.
@@bennyng765 I am thinking that I would be better off investing $900 and buying a $100 handbag than putting the $1000 in just one bag.
If there was enough money, she wouldn't be worrying about going for the cheaper ones. 1k for a bag is definitely a good one.
I am embracing the “ enough” mindset. It makes it so much easier to be organized when you have less!
I find that if you only buy what fits in your home and put things away when you're done with them you can own whatever you want.
The only reason I don't own a boat is I don't have a place to put it. But I own almost anything someone would want to have at a picnic or birthday party.
This may be the most detailed introduction of the replica *hotdups* on TH-cam. Thank you for sharing!
Also defining my personal style so I dont just keep buying trends and instead dress to my own style.
The older generation would always say, “I’m too poor to buy cheap tools.” Buying quality items is always worth the upfront cost, because they tend to last longer.
The paying the price of a luxury brand to defend quality is really dependant on how critical the function is. Sometimes it’s better to buy the cheap brand because the replacement or even multiple replacements can be still cheaper than buying the brand.
@@mrwonderful4616PS. Way to encourage destroying the environment by buying cheap replacement parts instead of investing in a quality piece that will last forever. 🤷
My dad used to get all his tools at the flea market. Occasionally he'd shop at Harbor Freight for some tools but we all know that stuff is mostly junk.
I ordered patio furniture from Target. The furniture is fine for what it is and what I needed and should last me a long time. BUT, I realized how crappy the screws and other pieces were when I realized one screw was missing. Went to a hardware store and what a huge difference in quality of the screws. Big difference. The cheap screws that came with my furniture was so hard to use and didn't always align with the pre-drilled holes. It was horrendous. The screws I got at my local hardware store... Easy peasy assembly.
Quality doesn't mean brand name. The fact that you jumped to that conclusion is a reflection on your own values and perception.
@@mrwonderful4616 Her example was perfect. I purchased a tory burch purse for $350 and used it every day for 6 years it's actually still usable but it looks like ass to the point of embarassment. My 9yo kid bought me a purse last Christmas and it's holding up. I don't like it, but my plan is to use it until it falls apart. Once it does then I will buy a new purse. The thing is that purse is a sunk cost and I can't unpurchase it. So I might as well use it until I can't anymore thereby reducing my over all cost per use.
@@tlsmith4605If I understand you correctly I think you’re saying a more expensive brand doesn’t necessarily mean a higher quality function. At the same time, not all cheap brands are low quality either. Look I get it. A purse to a woman is very much like a status symbol like a car is to a man. So we tend to buy based on emotion but rationalize using logic. That’s why marketing conditions us to “love” our brands.
Never heard of anyone who said that 😂
If you buy an item and save 20%, just don't buy it and you will save 100%. Saving is not buying something at a lower price, it's putting money away for another day.
Yes, I explained this to my son just the other day. Unless you're already in the market for something when you notice the sale, you're not saving, you're spending.
Learned this from Warren Buffet.
I keep trying to teach my mom this
@@shortstuf804 Same here. Some people don't want to change, so don't waste your time.
I have a long list of stuff I want. If I hear that it's on sale, I'm saving money. Buying it next week when it's not on sale isn't going to save me money.
Buying cheap is buying twice. But the exception is children. I buy cheap clothes for them as they will grow out of them, For myself, I buy better quality second-hand clothes.
Even better with children is getting second hand or hand-me-downs. My 3 daughters wore clothes that had already been through their 3 cousins and have now been through my first granddaughter and are packed up waiting for the next granddaughter. OshKosh knew how to make clothes. It is also less heartbreaking to watch a little one go straight for the mud when they aren't wearing brand new clothes. 😊
Bravo! I became wealthy by living below my means. I absolutely love thrift stores. Ebay is the best source for affordable high end items.
I'm headed back to the thrift store
Smart women will not buy any clothing with a brand logo. They will not advertise for any brand. They are confident in themselves. They often choose *hotdups* , which is fashionable, well-made and economical.
@@BaquiranOsteen I looked at hotdups. They are all knockoffs. Why???Coach (without the logo or tag) is the best investment. I'm still using mine from 25 years ago.
Just remember that there are lots of no-label ways to get quality leather handbags. Local leatherworkers or shops can even make custom designs. I have leather no-label leather handbags that I will use for decades.
And after 2 years you wil hate it, you will be tired to use the same bag for 10 years. Once iI had cool lather coat. I hated it after 5 years, but it was still ok after 10 uears, so I just stopped wearing it. And newer buy another lather thing)
@ No, everyone is different. I have a few bags in rotation that I’ve used for about 5 years now. If I really get tired of it, I can sell it or pass it down to someone in my family.
I bought some well-made leather handbags made in Italy, from T.J. Maxx online. They cost less than $100 each and will last. I got 3 so I can have different styles and not wear it out by using 1 all the time. I'm also taking my used clothing to a consignment shop so I can make a little back. All of the clothes I purchased in the past are a burden when they no longer fit and take up a lot of storage in a home. I'm also challenged to find an online way to sell my non-name brand clothing because I haven't found an online retailer that will buy/accept Old Navy clothing, which is the majority of what I own.
A bag is just a bag, used to hold things and free your hands, not an investment. Smart people will choose *hotdups* .
Smart & Savy !
Warren Buffett said if you do not NEED it, do not buy it. I love the fact that you are right in line with what I am striving for. Your posts are very eye opening. Thank you Rose.
Life changing: Do the math per month and per year. Coffee at home vs at the cafe saves me about $500 per year. Staggering. Thanks for this video. Well done.
Lol. I also feel this is a ploy to justify purchasing designer purses. I don't think many people would buy into the idea of buying a $1000 purse is smart shopping. I have plenty of purses, ranging from $10-$70 and have used them for years. It was simply a bad example to promote buying a designer bag.
resisting Black Friday deals left and right! thank you for the encouragement.
The "deals" started in October, too!
I shop year round that way by the time Black Friday and Cyber Monday roll around, and I don't need to spend any money.
Me too
@@samanthaclaire730 I saved money by buying wjat the family needed while it was on sale. Why pay full price?
I received the package today and really like it. Thank you for sharing and letting me know about this *hotdups* . I hope you can introduce some more economical bags to everyone in the future.
I get the point you are trying to make… BUT I have a purse that was $30 at Marshall’s 6 or 7 years ago, the strap is just now starting to look worn. With your logic my cost per use would be 0.09 cents per use 🎉 no need to buy a $1,000+ hand bag to trick yourself into the idea that you are “saving” money 😅
This!
A designer bag from TJMAXX, Marshall's, or a similar retailer is the most cost-effective purchase, IMHO. Even if you pay $100 or somewhat more.
I’ve been buying nice used handbags at Goodwill for many years. I’ve found Italian leather bags with hardly any wear for $6-12! I get 2-5
years use before they’re worn out or I tire of them. I’m not current on designer names so this works for me.
This past summer I couldn’t find a bag at GW that fit my needs. I bought an Anne Klein $30 bag at Marshall’s. Not a current trendy name! lol
The strap broke within a couple of weeks. I took it to my shoe repair shop and it’s fine now.
My mom was born in the depression and taught me to repair when possible. The idea of spending thousands on a purse is unfathomable to me, no matter what the price per use is.
I think is better to buy that stuff in person because you can see the quality of the materials! Me personally only buy new shoes, everything else is second hand
@@brendatomlinson100% repair if you can, rather than replace! I have a pair of sandals with cheap, black leather straps & part of the straps broke on like my second time wearing the shoes 😣 I didn’t want to trash them after only one good wear, plus they worked well with a lot of my dresses (& still do), so I sewed it back together & guess what? The better part of a decade later, I can still wear them😁 perhaps some would say “you should’ve just gotten a more expensive, sturdier pair to begin with” but neh haha
don't give in to consumerism . having ad blocker helps a lot . buy assets .
Bedsheets. Nice bedsheets are a good investment. Especially those on sale!
And towels!!!
They aren't an investment.
Only if you live with people who read cleaning labels 😢.
Where can one find good ones these days? Any suggestions?
The cost analysis for $1000 handbag vs $10 temu handbag is literally girl math 😂💁🏻♀️👜
literally 😭 i used to shop for temu bags cuz the cheap price always caught my eye. but recently my mother bought me a really nice michael kors bag and the difference is shocking. i feel like i can go ten years without having to buy another bag now 🤣
I would say it’s the *epitope* of girl math (and lawful logic might I add!)
I have both, a temu bag and Michael Kors purse. Both serve their purpose.
All math is girl math, no need to have handbag examples... (signed: ex math teacher and woman who doesn't really get the handbag craze and wears the same backpack everyday)
7 out of 8 you nailed! But number one is absolutely wrong. Smart women do not spend $1K on designer purses. They do not buy anything expensive. Things like salon nails, Nuvi lashes, expensive hair color and bar/restaurant tabs are the things that keep middle class women poor. LIVE BELOW YOUR MEANS.
Smart women would likely not buy a flashy, overpriced designer bag in the first place.
Yes they do. They just dont flash their wealth.
Yes they do. If you do your research, designer bags are one of the few splurge purchases that actually have the potential to increase in value. Key word: research. It’s not just any designer bag. Limited runs/qty is key.
Also, her point was not to resort to fast fashion, but to think about cost per use. If it’s something you’ll use often, go for quality.
@@kv4041 Are you kidding? A designer bag is not an investment. Instead of buying that bag, take the $800 and put it into a Total Market fund. If you had done that 20 years ago, after adjusting for inflation, you would have $3,000. That's how I got rich.
You are spot on regarding a home purchase. Think beyond the down payment and closing costs. Think about the expenses AFTER you buy the home. I bought my first, and only home in 2021. I've already had to pay for roof repair ($8k); Landscaping; Pest control; Interior Painting ($4,500) Garage door and host of other repairs/maintenance. I have no regrets since I planned my $ for this. If you're reading this and planning to buy a home please be prepared.
If you buy a newer home you don’t really need a lot of savings. A one year emergency fund should cover any expenses with your home. My house was built in 2017 and the only thing extra was handyman stuff I wanted around the house, the toilet having issues, the ac leaking water from overuse it was a hot summer, dishwasher breaking, the roof and stuff really isn’t a factor. There are quarterly or seasonal charges like the bug Guy and ac/heater tune up. But they are like under $100.
I also bought in 2021. The first 5 years are hell but it’s worth it with income raises, in a few years my mortgage will be less than most people’s rents in my area. So yes it’s tough in the beginning but it’s worth the hassle.
And Insurance!!!
plus property taxes and HOA fees if you bought a property in an HOA
After using the handbag purchased from *hotdups* , I completely fell in love with it! Especially the detailed design!
You mentioned one without even realizing it, it seems. A HUGE money sink for the middle class is... pets. The middle class will spend exorbitant amounts of wealth on their fur babies. Where people may not be generous with themselves, marketers know that people can be unreasonably generous on their fur babies, not counting the cost.
I spend ~$60/6 months for food and maybe $50-$75 for flea meds if she's got fleas. But yes to your point there are lots of people who go overboard with their pet spending, still cheaper than having kids
Having kids and pet comparisons is like comparisons to apples and oranges. I get 12k tax refund annually for 2 kids. I don't think you can claim your pet as dependants @AKAAAK
..And the love and companionship that you get back from them is priceless
@@Maelu-op9gfThat being unconditional love 😊
@@AKAAAK yep
I purchased my 2010 Toyota Camry, November 2009. 15 years later, I still have it. I just purchased a 2025 Lexus ES 350. I pray I'm able to drive this one 15+ years.
I purchased a 2014 Toyota Camry brand new and still have it at the end of 2024.
I bought an '09 Lexus RX with 100K miles on it. Loving it to this day.
@@vickyb9918 I feel like buying a new vehicle is cost effective because maintenance when buying a used vehicle is ridiculous also high and buying the spare parts plus the mechanic labour fees while still paying off loan for the used vehicle simultaneously 🤷🏽♀️
@@Lezziee_R A 3- to 5-yr old car can still be in great shape and depreciated a huge percentage. Get the car fax to find out its care and any wrecks.
@@Lezziee_R yeah I hear you on that. I tend to agree.
Thanks for sharing. In the past year, I’ve stopped spending over $100 every month for mani-pedicures. I am doing my own nail maintenance and letting my nails heal from the years of drilling and grinding for gel/dip polishes. The nail industry is booming and expensive. I only get salon nails for special occasions. It’s okay to treat yourself, but not if it’s keeping you financially strapped.
On your first point. One of the few things that my father told me that actually stuck. You get what you pay for. Quality usually costs more and will last longer
The challenge is, quality does cost more, but what costs more isn't always quality
@@fredmarzillier750 Indeed. got to pay attention to what you're buying.
This definitely goes for furniture too, I think my sister has bought 5 cheaper sofas to my 1 more expensive sofa. I'm also thinking of having mine recovered instead of buying a new one, as the frame is still in great condition... it's been 20 years it's time for a facelift...at a 1/3 to 1/2 the cost of a new sofa.
@@fredmarzillier750Excellent point
Eating out regularly should be number one. I’ve seen so many people worried about money and not having enough savings but they eat out so frequently. Even reasonably priced takeouts and coffee add up. Occasionally is fine , imo :)
I don't think people realize how often they eat out, even fast food/fast casual etc. Adds up!
A $30-50 handbag would accomplish the same thing.
Yes. It likely would have won the cost per use challenge.
Or buying a quality bag second hand. A $1K vs $10 bag are wild extremes.
@@jenniferlink7520 It sounds like "Ahem" Girl Math.
Anyone w/ good taste would spot a fake. Respect for that person drops to zero.
Had to use an extreme example to make my point about Cost Per Use... and of course to get a reaction from you guys in the comments 😝
I run into problem number 8 when I go shop at Dollar Tree. I tend to want to buy whatever gets my attention because everything is so cheap. You end up going home with a cart full of stuff and half of it you don't need. A store like that is useful for essentials but they sell a lot of shiny junk too that catches your attention.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I know I’ll make profits.
You are right. The best approach I feel is to diversify investments by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
@@PhilipDunk Who is this person guiding you and how can i reach he/she?
Sophie Lynn Carrabus is the advisr I use and I'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
“Enough is enough” that’s my 2025 motto. I really want to manage my money better... You actually talked about all the points I worry about! 😮 thank you! ❤
14:57 is purchase #8 actually! I think the timestamp was mistyped - thanks for these reminders though Rose :) I don't actually have most of these currently, but it's always good to be aware.
Quick recap for those who can't watch:
1) Cheap low quality things
2) Car payment
3) Expensive college degrees
4) A house that you can't afford
5) Activities that you can't afford to pay for in cash
6) Overpriced food that you can make at home
7) Never-ending home improvement
8) Sale items
thanks!
I put my vacation on credit, however I pay it off completely within the same month. Gaining the points for my trip.
Yeah same. I pay off the monthly balance & earn rewards.
You are truly a WISE person. I wish what you are outlining here would be mandatory to be taught in schools.
Home decor. When to know enough is enough is a good one for me to always remember. Thanks for sharing.
You know I was wondering? As far as home decor is concerned, maybe you can rearrange some home decor items to different areas of the home? Or if some items can be easily altered for a refresh? Just some thoughts on possibly save me some money in this area..... Stay out of homegoods! (I'm talking to myself too!) 😂
Don't take the bait....be Frugal. It means a life with serenity.
We are a first time home owner. And I agreed on house repair cost. We had a few issues with house that we never thought off. For sure I would say have some save money for this kind of situations. So keep maintaining it. I told hubby to do one upgrade once a year at a time. Not just to keep house nice but to add more value.
Here is a thought for you - Lets say you spend $6.00 a day on Starbucks or whatever. Well $6.00 x 7 days a week is $42.00 a week. Making coffee at home in my Kurig costs $0.60 a day. So with that savings you could buy 1 share or so of a stock every week consistently and you keep doing that, it will give a start at least.
Just wanted to say. Keurig cups are disgusting. But I get your point.
the best stocks cost more than $100/share, often $200/share or more.
I don’t buy coffee or lunch, bought my car for cash, live in cheap house I purchased years ago and still can’t put anything away after paying all bills and insurance for house and car. Not to mention daycare cost, student loan, price of food etc. it’s not about coffee, it’s about that you can’t leave your family hungry, without clothes, electricity etc.😢
@@buddyrevell511i love fidelity because they let you buy fractional shares and trust me they add up eventually. Plus ive made plenty of money on lower stock even in the $20 price range
@@anupambphoto I buy specialty coffee and use the reusable screen cups - It is about starting and you build brick by brick
#2 Car Payment
#4 House you can't afford
#5 Activities you can't afford to pay for in cash
#7 Never ending home improvement
#8 Sale Items
Thank you for the tips Rose! Glad i've stumbled upon your video. I've signed up for your newsletter and looking forward to learn a lot from you to achieve financial freedom. For the win!!!!!!!
Spontaneous purchases are a trap. I always try to sleep on it for at least one night before I buy something. Doesn't apply to very small things, of course. But even in the double-digit range, it makes sense.
I was surprised that you set 50% as a housing cost limit. Glad you added the notion of it being on the high end. I really think 30% is what to aim for to leave wiggle room for costly years and to save for the big maintenance/upgrading items you'll end up having to pay sooner or later. You're in deep trouble if the interest rates skyrocket and simultaniously the roof needs fixing on top of the monthly costs.
I agree with you on what is "enough"? Buying new thing to replace old one or to just make one area of house look cute. Its tempting, confusing and sometimes feel necessary.
My Dad had a saying: 'buy cheap, buy twice'. Not good value for money.
Ok, buy $ 2m Bugatti then, a 500k Mercedes will break down alot
Or the cheapest person spends the most.
I have a similar saying, "Buy once, cry once."
People are buying $19 smoothies? That's insane.
I like the idea of cost per use when making purchase decision. Thanks for sharing ❤
Yeah but I have a bag that I paid a few hundred dollars that has lasted decades.
Thanks for sharing XAI21K and SUI. 💯
1. Cost per use
2. Car Payments
3. Expensive College Degree
4. House poor
5. Activities you can’t pay for in cash
6. Overpriced food
7. Never ending home improvement
8. Sale items (spending to save)
There are so many quality handmade artists out there where you can get a leather bag for a few 100$ Theres no need to buy luxury to get quality. Thats a crazy statement.
I’m guilty of #8 … my husband points it out all the time … especially kohls cash!
I loved your “learn when to say you have enough” concept. I need this! I try to tell myself to be grateful for what I already have but it’s a challenge. You should write a book on this … I would read it!
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October
2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
Thanks so much Charlotte Grace Miller.
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
4:53 older cars have more of an upkeep cost, parts need to replaced eventually. That ALSO needs to be taken into consideration, just as with houses or any other long term purchase.
This video is life-changing and very eye-opening to me as a middle income earner.
Guilty for most of the purchases said, and looking forward to make some changes and having enough. Thank you Rose Han! 🎉
I always love your videos! Thanks for the tips. I just calculated my iced coffee I make at home it's about $1.84 for 24oz. A large at starbucks is $7.76. That's $6 a day!
crazy that starbucks is $7+ now! 😳
Knowing when "enough is enough" is the most important concept! Great video!
This video is out of touch with reality.
1. You don't need an Alexander McQueen bag. Just because it's expensive doesn't mean it's a quality product. Try Quince or Coach.
2. If you have the credit, buy a new car. In some cases a new car is less expensive due to the interest rate. Most people don't have cash to buy a brand new car. I'm not buying a car with 40k miles, the warranty is almost expired at that point.Used cars are also too expensive.
3. Use the US Bureau of Labor and Statistics to help determine where you should attend school.
4. Buy under your budget when purchasing a home. If there are two incomes, buy on one. (Former realtor)
5. HYSA are great. Search for free/low cost options for entertainment.
What is keeping the middle class poor is the greed of the oligarchy that is now present. Wages have not risen, yet everything is more expensive.Also things are no longer built to last. This includes clothings, cars, furniture, and homes. TTYL, unsubscribing.
The issue with the handbag is that it never stops at just one.😅
14:44 enough is also an important concept.
My investment portfolios are Bitcoin, ETH and XAI21K
Diversify
I will be adopting the credit card hack and save money beforehand in a HSA
THANK YOU FOR SHARING 😊
I enjoyed this video. Thank you for this Rose.
yes, the never ending home improvement and the death by a thousand cuts! Every time I have a chunk of money I spend it on things and they are always things 'we can use' nothing major, but it leaks away all the money until it is gone and nothing saved
A middle class does not necessary need to buy a $1000 handbag. I am a middle class and I buy a $100 handbag which I have been carrying uncountable times and I do not need to be cautious to protect my expensive bag from the rain. Even a $50 bag can be good too if the materials are durable. Even a cheap (or sometimes a free gift) recycled tote bag is also fashionable and trendy to carry around and environmental friendly too.
I would go to DD’s or Melvin’s or Ross to buy a cute bag. Bags to those stores are soo affordable and high quality
Great vid - the”home decor” monster tries to lure me in from time to time, but fortunately have managed to resist for the last couple of years
2) car payment, still thinking about this because used car tend to have problem
3) college fee. done that, pay off. but now i think of it, i could pay for a house deposit with the fee that pais for uni
7) home improvement. my weakness, because i trained to be an interior designer
8) sales item. omg, i am addictive, it is like my after work treat to look at my phone and shop. i should tried to live towards minimalist
Thanks for the tips
I love the enough! I do that with clothing and items in general. Especially after the holidays. Enough is Enough. 👍
Yeah, everyone is so smart to buy a 3 year old “gently used car” for half original price. I bought my Lexus 3.5 years ago brand new. It now has 20K miles on it, and I am NOT selling it. I am keeping it for another 15 years. By getting it new I just ensured that it was not in an accident and properly taken care of from the beginning.
A 3-4 year old camry, accord etc is like 80-85% of a new one. This concept sounds great and was a thing prior to covid but now is fiction. Pay the extra 15-20% and get a new one with warranty.
@@borisgetman9222 I don't buy things I don't need.
@@johntrevett2944 It also depends on how long you plan to keep it and will you take care of it. I bought a Honda in 2017 and doubled up on payments when I could to pay it off sooner. It was paid off when less than 5 years old and had less than 60k on it at the time. I can keep that car for another 10 years easily.
Find the best, cheapest college. My daughter was accepted to almost all of her college choices. I also had her apply to the local large state college. With scholarships lower transportation, tuition, etc. she saved 100k. Additionally, the state school was likely easier since people almost always go to the 'best name' college, ergo, she graduated in four years with two degrees and a minor (Biology, Data Science, and a minor in Comp Sci.) with no debt, had her pick of research opportunities, and graduated Valedictorian in both majors. Ask yourself what's better finish in the 60th percentile at (pick your famous college) or be a Valedictorian at a well known, large state school? Sure there the name and there's networking but my daughter was able to write her own ticket after college.
Want to cut your college costs in half? Go to a community college for the first 2 years, then transfer to either a good public university, or even a private one. Hell many states will gurantee your admission in the University if your grades are at a certain level. And I hate to tell you, even in the best college. those intro courses are about the same as the ones in CC.
@@buyerclub2 Yeah, daughter had so many AP credits (BC Calc / 5; etc.) that she went in almost a sophomore. We opted for her to go to meet friends/make a peer group which is hard to do later. However, she had two H.S. friends take CC classes while in high school and went to a 4 yr college basically as Juniors. Except the one that went to CalTech. They didn't give her the AP BC Calc credits (12).
I had two friends from NYU who did exactly this! And we all graduated with the same degree...
Learning when is enough is enough and not falling for the marketing ploy of "saving money".
good job. The car reality is a tough pill to swallow. My only input is buy a used luxury car. You can get an entry-level BMW or Mercedes that is lightly used for $25K and have the experience you want. It is a little more, but worth it.
This is the thinking that gets people in trouble. Just because that used luxury car is affordable, the maintenance and insurance won’t be. Buy a luxury car when you can really afford it. Until then, get a used honda or toyota. Will cost you much less in the long run. Invest the savings. That’s how you get ahead. Not by trying to flex.
Yes buying cheaper items instead of good quality items that are more expensive. I’ve realized for a while
now that it ends up more costly to purchase the cheaper item because we have to keep replacing it.
I bought a 2024 Honda Civic Sport and have a decent car payment. Although models that are slightly older tend to have a a lower price, the interest rates were higher making it more reasonable to buy a brand new car. I chose the Civic for reliability, longevity, and ease of repair if needed.
As you said, obviously you're not going to make sushi at home.. I took a bite of my homemade unagi masubi. Love this content and am actively working on mastering all my fams favorite foods from home
Besides, let's think about waste and the environment! Good video.
Terrific information, thank you. I follow these tips already but the specific car example with numbers was super helpful for me.
I eat out far too often. I am resolved to meal prep and cook at home and make eating out a fun treat, not a daily routine.
On handbags, I totally agree with your thoughts. My best handbags are my workhorse designer bags that I reuse daily… for years. Not the trendy, special occasion designer bags, the ones that go with every out outfit and never feel “out” of style.
my $28 handbag has lasted me 10 years
When I wanted to buy something, say Starbucks, I don't need I say "I am not going to make Starbucks rich I will make myself rich", "I work to hard for my money to basically hand it over to Starbucks".
The only time I buy star bucks is when I get a gift card for it.
You have lots of good points. Thank you for sharing. I am living paycheck to paycheck and am not sure how it is happening when I think I am financially conservative--no fast food, no daily coffee ☕, not frequent clothes shopping...so I need to keep track of what I am spending to figure out where it is going. Thanks for building awareness. My main expenses are gas ⛽, rent and food (mainly at Costco). I will have to figure out a way to cut back on expenses.
Buy a luxury branded car will always be a compounding waste of money. Higher purchase price (even if it’s your ROI paying for it), higher insurance, higher maintenance, and higher prices for registration.
I just subscribed. Great tips! I went to state universities and I am so glad I did. I worked retail. I work now at the same job Ivy League people do without student loan debt. We have to be smart about our finances.
Love the content Miss Rose just hoping with 9 streams of income that you are debt free ? That is clutch
The cost-per-use concept and insights on avoiding middle-class money traps are so eye-opening. Thank you for sharing!
Totally agree about not buying cheap items. Buying a cheap item 5x cuz it keeps breaking is the same or worse than buying one good quality item that lasts a while. Also, all these cheap items that end up breaking end up in landfills. After watching the documentary Buy Now on Netflix, I've been reminded to be more mindful of what I purchase.
The elite school also costs a lot because they account for the connections you'll meet/have there. Not saying it's justified, but just good for thought
Thank you Rose. You are amazing.
Now that you mention smoothies... I went to Jamba Juice for the first time in probably 10 years and ordered some good looking mango smoothie. Cashier said it'll be $10.50!! It only had 3 ingredients!! Ones that I already had at home! Thank God I make my own smoothies at home. (Still purchased it lol)
Wow that's painful. A nice treat, but re-enforces why you make the effort to do at home. Can also apply to coffee and lunches too, possibly some other things I can't think of right now.
The Erewhon smoothies 🙄😒 oh my!!! In Finland we have this phrase " ei se ole hullu joka pyytää, vaan se joka maksaa" wich means "it is not the crazy who asks, but the one who pays"
In German it’s something like „a good horse‘s price is what a fool would pay“.
Love it! Just signed up for your newsletter!
The moment you admit you buy crap from Temu tells me I can't take you seriously. The #1 thing you should say is STOP buying crap from Temu.
Being able to buy a $1000 handbag isn't middle class. That's a rich person there.
@@brieannaolder992 if you're middle class and want a one thousand dollar hand bag you can save up for it. It just depends on what one's priorities are.
*yutulu* I love you so much and watching your videos makes my day brighter
I feel like that entire first point was the purest definition of ‘girl math’. I agree that cost per use can be useful for justifying spending $20-40 on something like a high quality skincare product versus $5-10 on something that will clog your pores and break you out. But a $1000 bag? Really? And to compare it to a bag you bought from Temu of all places who is known for selling cheap stuff is a major stretch. I mean they’re not even in the same ballpark. There are much more affordable bags that can last you just as long if not longer than the luxury bag. Just because it has a high price tag doesn’t always mean it’s high quality
Love *amzrepe* the way you show it! You really focus on showing off the bag. I don't think any other TH-camr can show off bags in as much detail as you.
Some rich people are rich because they dont buy expensive houses or cars or purses. They feel secure that they dont need to look rich. They dont value things more than people or experiences…
I made sushi at home when I was in college, it was pretty basic (I don’t eat raw fish) but I’d say it was kinda delicious 😂
Totally agree especially first point!! Wear umpteenth times to the fullest and still can get back some money. I always end up not using my cheaper bags and really feel a waste of money xxxx
Don’t forget the possibility to go to a university in a country where it does not cost you an arm and a leg. In many places you can do that in English! Check out Finland, an international business degree, costs you about 8000 dollars a year. 100% in English.
Hey Rose, I have a personal rule, I self impose. I never buy anything I can't use, in the next two weeks. Only two exceptions ever come to mind. I went to en estate sale and bought a high quality extention ladder for $25. I need to go up on my roof a couple times a year, so I think it was money well spent. Second exception, ladies who buy a formal dress several months out. That is probably a good buy, when going to a spring wedding or a prom. Remember, don't buy a table saw because you think they look cool.
How to get started with putting money into the stock market and where do I go? Do you have a video that goes in full detail of how that works?
The cheap stuff you have go spend more money to replace. I have Coach and D &B bags from 7+ years ago. They have aged but still look good.
Thanks Rose, this video nails it. (And a few additional ideas to focus on--thank you.)
Also, as an aside: If you find yourself blessed to fall in love with a chef, at-home sushi is feasible too! 🙂(Gratitude to the universe and its many muses.)
I bought a bag for 13.00 from Temu and use it almost every day and have been using it for almost 2 years and nothing is broken. I don't shop at Costco, I buy groceries every week from weekly sales and I save money!
Loved your video ❤ I'm trapped in a high car payment. Can't wait to pay it off in two years.
The $700+ car payment is 100% me 😅 I do love my car though but it’s made me live pay check to paycheck.
I had Vera Wang two bags, brand new, saved them for special occasions and they BOTH completely peeled off with the tag still on 😢😭
hi five
the precious things end-up become flaky. now i see no point to buy leather goods (they dont last n tropical countries...)