I love December/January because I get to update all of the data in my financial spreadsheet and finalize my net worth for the year! I’d definitely recommend starting to track your net worth as a money resolution.
Totally agree and this year was easier with 3 days of no stock market or financial activities, giving plenty of time for your "Annual Statement of Financial Condition"
Marie-Antoinette: Let them eat cake. Erin: Go buy an iPhone I kept waiting for Erin to say it was a joke and people should only spend on a phone what they are comfortable with but that line never came.
She said she doesn’t know anything about Androids, which was to say she was laughing at herself by saying she can’t tell you where to find the info in Android because she only knows iPhones. It was her version of light sarcasm: “I don’t know Android so you’ll have to get a phone i do know”. It’s a joke. It would be different if the video was about how to save money. It wasn’t. The part of the video was about where to find summary information in your settings.
Dude I hate the android hate. Apple are a dirty company that use their monopoly in bad ways, such as sending lower resolution videos to non apple phones. Yuck.
Good Points. Especially the idea of recording personal property for insurance. I would add to evaluate your home insurance to make sure you have adequate replacement value in a world where construction costs are increasing - especially if you are often upgrading your home.
Excellent advice and reminders for those often overlooked maintenance tasks. I really liked the movie inventory idea. I have an inventory app on my iPhone that while excellent for the detailed library it created with photos, purchase date, cost etc, was too much effort to maintain. A quick video is so much easier and I can reserve my inventory app for those items that need specific coverage with my insurance company. Bravo! I am happy to hear you and your baby are healthy. Here is to a healthy and prosperous 2024! (BTW, I cracked up at your phone joke. Had to hit the pause button to finish laughing! But then I have been watching your channel for awhile now and get your humor. Too bad some were offended.)
If you have a Safe Deposit Box where you keep important documents, make sure others including beneficiaries are on the access/owner list. Being able to get to those documents when needed can be really helpful when they are truly needed. You can even add beneficiaries to accounts like CD's and brokerage accounts.
Good morning Erin and Happy New Year. I'm 12 years into my retirement journey and have (2) life insurance policies. A term life from my former employeer and a paid up whole life I've had for years. They are simply an additional layer in my overall estate/legacy planning, which we are reviewing at this time. I have always kept an eye on our credit reports and like the idea of the credit freeze for added protection and will do it. I am so glad you and the baby went through that challenge and are okay. What a blessing! I hope you have an abundantly blessed new year. Larry, Central Valley, Ca.
It’s hilarious to me so many people are giving you crap for owning an iPhone. Part of being good with money means you can choose what to spend it on! Blue bubbles for the win! Thanks for this list! I didn’t realize getting term life insurance could take so long so I am now making sure I take care of this before we grow our family! Also, checking the beneficiaries was smart too!
I have a term policy that covers 12.5 years of our living expenses until I turn 65 after which I will not need to continue to insure myself or my wife. I'm the only one working, and my two sons will finish college when I'm 60. My resolutions are to maintain health and fitness, build up my emergency fund to its goal, read a book a month, and take a family vacation.
Talk to Apple about that. Apple, by default, as usual, employs a proprietary meesaging app, imessage. I believe there is a way to do it, but being an Android user, I do not know.@@ErinTalksMoney
@@ErinTalksMoney Android insists on clinging onto a messaging protocol from the flip-phone era whose maximum file size is microscopic by today's standards. Facebook Messenger is the most common workaround.
@@ErinTalksMoney I'm an Android user by choice and an Apple shareholder. I won't give any one company all of the eggs in my basket. Until Apple opens their walled garden to others, I will stay with Android. Part of the reason you can't easily share videos with non-Apple users is because Apple uses iMessage exclusively with other Apple users. Sending videos to non-Apple users is possible but the resolution is garbage because Apple won't support RCS messaging. Supposedly Apple will adopt some form of RCS in 2024 but likely it will be dumbed down. I don't care about blue or green bubbles but I do expect text messaging to be seamless across platforms. I also use Signal for global messaging which is platform agnostic and works beautifully. I have really enjoyed your down to earth financial advice over the months/years. I'll continue to watch despite your "everyone should be an iPhone user" comment. From an information security and privacy perspective, any critical data should not be kept with only one technology provider. Diversification makes sense with technology just as it does for invenstments. Best wishes to you and your family. -MikeF
Things i have done .Emergency fund in place. Some cash on hand . Good tires on vehicle, food storage and water on hand . Keep Gas tank full, vehicle maintenance current, blankets, warm clothes, good shoes for the climate on hand. Keep vehicle and house payments current or for me paid off. Insurance payments current. Rent and Property taxes current. Short , medium and long term investments in place, always strive for no consumer debt or debt elimination in progress a priority. . Another heat source available if loose utilities. Due to a hurricane knocked out power for a week had kerosene heater and kerosene in place. Moved to the mountains now so generally heat with natural gas and electric , but have wood stove and firewood in place amd the kerosene heater and kerosene on hand too. Just some additional things to consider. Merry Christmas and a prosperous and safe New Year. .
Great video! Word to the wise on credit freezes: Last time I did one of these I was in the military and it was very hard to unfreeze. The credit reporting agency had a verification process to unfreeze that required answering a lot of questions about your address that were difficult to get through. For example, they didn’t recognize my overseas military address! Maybe this is better now, but just something to be aware of.
Recently I had an uncle who passed away who never married or had children. He also was the last of his siblings to die. When we unsealed his will, my Uncle left everything to his brothers and sisters. According to state law, the will ended up in Probate Court, and the judge eventually divided up my Uncle assets among his nieces and nephews - but it took time - over three years before everything was settled. If my Uncle had updated his will, the process would have been much quicker. Erin - have you ever done a video on trusts? I'm thinking of changing my will to a trust nd some insight would be useful. Have a happy and prosperous 2024!
I have not done a video on trusts - I will add it to the list of videos to make in the new year. But also make sure to consult with an estate planning attorney you trust!!! Happy New Year!
I’ve been procrastinating on the credit reports. I just looked up the last one I pulled was 2016. I recall doing it annually for a while but never seeing anything interesting. Although that’s good, I think I got bored with it & forgot about it. Thanks for the reminder; I’ll do today
Boring can absolutely be great when it comes to credit reports, and a lot of things finance, still worthy of checking every once in a while. I’m glad to see you it’s been added to your list for today. 😊 happy new year!
My financial goal this year is to finally complete my will. When we had no heirs or assets, it was easy to ignore. But I think about it every time I travel for work, and worry about what would happen to my family if something happened to me. Especially passwords to important accounts that my wife doesn’t have. I love the idea of a video inventory for insurance. Should just do one, regardless of the mess 😂
I finally did my credit freeze a couple weeks ago, and we'll work on my spouse's this week. The video for insurance purposes is something I heard many moons ago but totally escaped me, so thanks for adding to our to-do! lol Sorry to hear your birthing experience was traumatic, but glad that you and Jameson are safe now. Take care of yourself 💜
I am an interior designer and have helped multiple clients after a tragic loss of their home in one form or another. I cannot stress enough how valuable an inventory of your house is. If you have to tackle one small section per week, just do it! You hope you’ll never need it, but if you do, it will be a life raft in a very rough sea.
For years I have been meaning to take the inventory video of my home. Just put it on my to do list. (BTW, I would suggest recording your house inside and out.)
Happy New Year. And yes do not procrastinate. Same with loans. Hard to borrow money when you NEED money vs when you don't need it. A line of credit works well in those times.
Good list of recommendations. Sorry so many comments are about the iPhone aside. The life insurance we took out on my wife when she had our first child we just refer to as “Nanny Insurance”. Glad we never needed it.
Making a video of your home - my sister's water heater broke and flooded her home - and now she is sifting through everything she will need to replace. Good reminder
I check mine a few times a month. Went into the area and saw a tiny leak. Put a towel down and checked it daily. I was able to get a company in to replace it and he said I was lucky because a break was imminent. Simple periodic system checks really pay off!
Honest question- I don't understand the apple superiority thing. You're basically saying Apple should have a monopoly on cell phones? That seems like a bad idea. I know it's not that serious but truly, can someone explain to me why apple phones are that much superior? I do know they work well with everything else in the Apple ecosystem, and generally there are better options for phone cases and accessories- at least vs someone like me using a budget level Samsung model. Is there something inherently better about the user experience otherwise?
Haha, I certainly can’t answer the question for everyone, but I can speak to my experience. On a personal level Apple products make my personal life much easier. I lose my phone about 20 times a day, it is my Apple Watch that helps me find it. Transferring files between my phone, and my iPad, and my MacBook is immediate. What I do on one device, shows up in real time on the other. And the editing software that built in to the MacBooks, is absolutely phenomenal. (Very helpful for someone who wants to do a TH-cam channel ) Where as a PC, it would require us purchasing additional software. Now, on the flipside, in my business, at my company, we use PCs. Quite simply, because they have better functionality across the more software platforms than Apple products do. Apple products actually cause issues with many of the software that we have to use in my workspace. So we specifically will not use Apple computers in my line of work. So for my personal life, Apple products make my life easier. For my professional, windows based PCs actually make my life easier. So I guess I entirely depends on the situation.
@@ErinTalksMoney good explanation, thanks for responding! I am an accountant and don't do anything requiring editing software. Basically every system I use for work is internet based now, aside from some tax software.
Apple has been called out many times over recent years over their monopolistic practices, and continued use of proprietary components ( a recent ruling in the EU has required that they stop using the proprietary lightning cable, and convert to USB c, like the rest of the world) And the blue/green issue with texts is their refusal to conform to accepted standards. They are gluing many of their computers together, so they are the enemy of people that believe in the "Right to Repair" movement. I know people that have loved their hardware that are abandoning their computers because now they are soldering memory onto their motherboards, so that they cannot be upgraded. And the list goes on... Google "unsavory business practice by apple"
Thanks Erin and Happy New Year! I have used credit or security freezes in the past when a card was stolen while en route to me. Credit reporting agencies always used to apply a fee to unfreeze the account when I wanted to use it. Can you please share with me the link, rules or information that explain this is now a free service? That would be helpful as it is a useful tool to freeze most of the time. Many thanks from Virginia
Thank you Erin, this is some real quality practical advice that we can all use! I've been subscribed for a month and have been very happy with your video topics
The beginning of a new year is a good time to also review your investment portfolio, and consider rebalancing. The fact that trading is low-volume and that markets are often closed during the holiday offers investors a quiet moment to reflect on whether the current composition of their portfolio is adequate to their situation and needs. Here in Canada, we are also rewarded every January 1 with new room in our "Tax-Free Savings Accounts" (TFSAs, equivalent to the U.S. Roth), and if there is cash on hand, there's no better time to contribute our annual maximum ($7000 in 2024) and take advantage of tax-free growth through the year to come. Congratulations on baby Jameson, Erin, and looking forward to a year of learning more about finance from you, and the development of your channel (with it having made the 50k subs threshold!).
Another Video, another picture of Jameson! I see his ROTH account growing even bigger each day! Great information. It's been several years since we've taken a video of the goods in our home. Thanks for the reminder. Keep up the great work!
For credit freezes, if you do decide to apply for a new credit card, you can unfreeze it for a set period of time (such as a few days to let the bank run their credit check) with it automatically freezing again after.
I actually was not aware of being able to do a credit freeze! Thank you for your informative videos Erin, they are extremely helpful. Happy New Years to you and your family! 🎉🎉🎉
Great video. Those are important financial tasks to complete, but are often overlooked. I am like your husband, I sign for Amazon prime and then cancel before they start charging me. It works, haha.
If you each have life insurance available through your employers why would buy open market term life insurance in a rush in your 3rd trimester? Did the plan not allow election modifications for major life events like a marriage or birth?Mine did. I only carry the max offered by my employer for me and my spouse. I've never considered buying more. It is 10x my salary or $500k for her. We had considered buying more for her. It is wild to see 30x being recommended. Avoiding financial hardship for up to 10 years seemed sufficient to me. 30x is an entire career's worth of earnings. Glad you made it through the delivery without too much trauma. Happy New Year!
You can't say anything these days without getting "canceled". I don't like sushi, but I don't dare tell anyone, because I don't want anyone to judge me for not liking cold, dead fish. Note: I use both iOS and Android, so don't judge me.
Hi Erin, Happy New Year! I’m sorry to hear how the birth of Jameson could’ve turned out way worse than it did. Soo glad you’re both ok now 😊 In regards to the part of your video about credit reports, I had no idea that we can get a free credit report every week instead of every year. Thank you! P.S. obviously you were joking about Androids. Love your videos! Hope you have a great week😊
Lotta hate for Android outa nowhere. Maybe it was meant as a joke. Constructive feedback, if you meant it as joke, intead of saying you don't want that person in your phone, which can come off as snide and dismissive, maybe end more lighthearted. Anyway no worries, too many people are too easily offended these days. I enjoy your content, keep it up.
Similar to Life Insurance is disability insurance which I still need to get. I regret that i didn't know/think to do it when my health exam was still current from getting life insurance. I gained back weight since getting life insurance in 2020 and Ive been waiting until I lost weight again, but it hasn't happened. I should have just done it years ago.
Idk…I’d have to get more time on my hands 😂 New baby keeps me pretty busy - as it currently stands I’m working on TH-cam videos from 4 am to 7 am to work around the day job and baby
3:13 Who would know about how beneficiaries are handled if one of your kids lives in Australia?? We only list our daughter because our son does not live in the states.
I'm surprised that anyone concerned with finance would use apple. From child labor mines, developer treatment, and forced updates through sabotage, I could never recommend such a product.
I have a Microsoft subscription that I got free with my student ID 15 years ago about 7 years ago its was no longer free. I've tried to cancel but I get annoyed on hold and I don't even have access to my school email the account is under.
I think it's hilarious that you're all in on iPhone when Apple is generally a more premium / luxury brand. (I'm an iPhone owner myself, no judgement, just funny)
The iPhone is how I started this channel! Recorded my first TH-cam videos on my phone and edited them in the free editing software! I wouldn’t have this channel without it! 😊
On a serious note - I do love my iPhone, and actually started this channel years ago filming it on just an iPhone and editing it in iMovie. I wouldn’t have ever had this channel without my iPhone…I’m kind of indebted into it!
The bigger ROI was from your perseverance and gratitude during your earliest days on building this channel in the right ways. I can understand how that isolation could manifest. Yet your work is a noble validation for isolated young savers everywhere!
Well as a financial channel promoting saving money your Android comment is very disappointing. Android phones are equivalent especially to today with the higher end Samsung and Google Pixel phones and are usually more economical. What a snob! Another person with their fashion piece of Apple technology. This is a prime example of people owning Apple technology and think they are better than everybody else. My advice is stick with financial advice. I just unsubscribed. Oh by the way this was my first video I ever commented on.
I’m sorry my Apple comment came across as offensive, it was my intention that it was a light hearted joke. I can see that it was not taken that way. I am sorry for that. This is an opportunity for me to learn that I need to be more careful with my words going forward. Sorry to see you leave the channel, all the best.
Well my first reply got deleted somehow. Had a link to CBS news story about mini beep which allows Android phones to use the Ichat protocol so you see a blue chat bubble from an Android device. Apple breaks it by changing the Ichat protocol, because they have to keep their wall garden. I am glad your happy with your Apple products just don't throw shade at my platform, because Apple is not as superior as people think. Thanks for the apology. @@ErinTalksMoney
Happy New Year to you and your beautiful family. Praise God for seeing you through your pregnancy and blessing you with a handsome bundle of joy❤! Well Erin, maybe one of your future videos could be a comparison between Apple I-Phone and the Android phone. May the best phone win that will help save the most money for investing . Great video and it’s good to have a sense humor 😂!
Get an iPhone? Terrible financial advice in my opinion. What are you spending $1000k on a phone that lasts 3 years? My $200 phone works just fine and pretty much does everything an iPhone does except turn your texts blue. Maybe take that $800 bucks you saved and invest it.
That would be a wonderfully smart move if everyone invested the difference 👏 PS - my first 60 or so videos here on TH-cam were all filmed on and edited on an iPhone, so it did a smidge more than turn my text blue. It gave me a side hustle 🙏
Excellent video. However you were having a baby over a number of months and being dramatic at the end ( to yourself is one thing ) to others is over the top. And yes I have children and I have even list a spouse so real be a little less dramatic.
Sorry to see you go. I do love my iPhone and intended for my comment to be a light hearted joke, I can certainly see that it was not taken that way. I’m sorry for that.
I'm not unsubscribing but it definitely stung. It basically came across as you don't want anything to do with android users even though you also said you don't know anything about androids! Lol! 😂
@@ErinTalksMoneylooks like you turned comments off sorry you had to do this. People get a life, she was making a joke about phones. Grow up people. Good job Erin.
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I'm an Android user but thanks for helping boost my Apple stock holdings I guess.
I love December/January because I get to update all of the data in my financial spreadsheet and finalize my net worth for the year! I’d definitely recommend starting to track your net worth as a money resolution.
Totally agree and this year was easier with 3 days of no stock market or financial activities, giving plenty of time for your "Annual Statement of Financial Condition"
Just updated mine before the markets opened this morning!
Yes!!! I just started doing this. Nice to see it grow! Hope to retire in 10-11 yrs.
Marie-Antoinette: Let them eat cake.
Erin: Go buy an iPhone
I kept waiting for Erin to say it was a joke and people should only spend on a phone what they are comfortable with but that line never came.
She said she doesn’t know anything about Androids, which was to say she was laughing at herself by saying she can’t tell you where to find the info in Android because she only knows iPhones. It was her version of light sarcasm: “I don’t know Android so you’ll have to get a phone i do know”. It’s a joke. It would be different if the video was about how to save money. It wasn’t. The part of the video was about where to find summary information in your settings.
Dude I hate the android hate. Apple are a dirty company that use their monopoly in bad ways, such as sending lower resolution videos to non apple phones. Yuck.
Good Points. Especially the idea of recording personal property for insurance. I would add to evaluate your home insurance to make sure you have adequate replacement value in a world where construction costs are increasing - especially if you are often upgrading your home.
Excellent advice and reminders for those often overlooked maintenance tasks. I really liked the movie inventory idea. I have an inventory app on my iPhone that while excellent for the detailed library it created with photos, purchase date, cost etc, was too much effort to maintain. A quick video is so much easier and I can reserve my inventory app for those items that need specific coverage with my insurance company. Bravo!
I am happy to hear you and your baby are healthy. Here is to a healthy and prosperous 2024!
(BTW, I cracked up at your phone joke. Had to hit the pause button to finish laughing! But then I have been watching your channel for awhile now and get your humor. Too bad some were offended.)
Happy New Year! 😊
If you have a Safe Deposit Box where you keep important documents, make sure others including beneficiaries are on the access/owner list. Being able to get to those documents when needed can be really helpful when they are truly needed. You can even add beneficiaries to accounts like CD's and brokerage accounts.
Here in Texas you can add a beneficiary to an auto title.
Great tip!
As an estate planning attorney I concur with this! Many people get locked out of a family safety deposit box.
Good morning Erin and Happy New Year. I'm 12 years into my retirement journey and have (2) life insurance policies. A term life from my former employeer and a paid up whole life I've had for years. They are simply an additional layer in my overall estate/legacy planning, which we are reviewing at this time. I have always kept an eye on our credit reports and like the idea of the credit freeze for added protection and will do it. I am so glad you and the baby went through that challenge and are okay. What a blessing! I hope you have an abundantly blessed new year. Larry, Central Valley, Ca.
Thanks so much for the kind words Larry! Happy New Year!! 😊
Congratulations on becoming parents! You never realize how much you can love someone you just met! ❤
Very true 💙
It’s hilarious to me so many people are giving you crap for owning an iPhone. Part of being good with money means you can choose what to spend it on! Blue bubbles for the win! Thanks for this list! I didn’t realize getting term life insurance could take so long so I am now making sure I take care of this before we grow our family! Also, checking the beneficiaries was smart too!
I have a term policy that covers 12.5 years of our living expenses until I turn 65 after which I will not need to continue to insure myself or my wife. I'm the only one working, and my two sons will finish college when I'm 60. My resolutions are to maintain health and fitness, build up my emergency fund to its goal, read a book a month, and take a family vacation.
I hope you have a wonderful and healthy new year!! 😊
A small part of the reason I stay with Android is to annoy Apple users who hate green text. :D
😂 😂 😂 please tell me why I can’t send videos via text message to my android peeps 😭 I have to end up emailing them!
Talk to Apple about that. Apple, by default, as usual, employs a proprietary meesaging app, imessage. I believe there is a way to do it, but being an Android user, I do not know.@@ErinTalksMoney
@@ErinTalksMoney Android insists on clinging onto a messaging protocol from the flip-phone era whose maximum file size is microscopic by today's standards. Facebook Messenger is the most common workaround.
I never pay attention to text colour. It's the content that interests me.
@@ErinTalksMoney I'm an Android user by choice and an Apple shareholder. I won't give any one company all of the eggs in my basket. Until Apple opens their walled garden to others, I will stay with Android. Part of the reason you can't easily share videos with non-Apple users is because Apple uses iMessage exclusively with other Apple users. Sending videos to non-Apple users is possible but the resolution is garbage because Apple won't support RCS messaging. Supposedly Apple will adopt some form of RCS in 2024 but likely it will be dumbed down. I don't care about blue or green bubbles but I do expect text messaging to be seamless across platforms. I also use Signal for global messaging which is platform agnostic and works beautifully.
I have really enjoyed your down to earth financial advice over the months/years. I'll continue to watch despite your "everyone should be an iPhone user" comment. From an information security and privacy perspective, any critical data should not be kept with only one technology provider. Diversification makes sense with technology just as it does for invenstments.
Best wishes to you and your family. -MikeF
Things i have done .Emergency fund in place. Some cash on hand . Good tires on vehicle, food storage and water on hand . Keep Gas tank full, vehicle maintenance current, blankets, warm clothes, good shoes for the climate on hand. Keep vehicle and house payments current or for me paid off. Insurance payments current. Rent and Property taxes current. Short , medium and long term investments in place, always strive for no consumer debt or debt elimination in progress a priority. . Another heat source available if loose utilities. Due to a hurricane knocked out power for a week had kerosene heater and kerosene in place. Moved to the mountains now so generally heat with natural gas and electric , but have wood stove and firewood in place amd the kerosene heater and kerosene on hand too. Just some additional things to consider. Merry Christmas and a prosperous and safe New Year.
.
You are more prepared than 90% of Americans.
You a definitely prepared! Happy New Year!!
Great video! Word to the wise on credit freezes: Last time I did one of these I was in the military and it was very hard to unfreeze. The credit reporting agency had a verification process to unfreeze that required answering a lot of questions about your address that were difficult to get through. For example, they didn’t recognize my overseas military address! Maybe this is better now, but just something to be aware of.
I have a video of each room in my house but it's from 2009, I have now updated the video, thanks for the great tips today Erin.
Recently I had an uncle who passed away who never married or had children. He also was the last of his siblings to die. When we unsealed his will, my Uncle left everything to his brothers and sisters. According to state law, the will ended up in Probate Court, and the judge eventually divided up my Uncle assets among his nieces and nephews - but it took time - over three years before everything was settled. If my Uncle had updated his will, the process would have been much quicker.
Erin - have you ever done a video on trusts? I'm thinking of changing my will to a trust nd some insight would be useful. Have a happy and prosperous 2024!
I have not done a video on trusts - I will add it to the list of videos to make in the new year. But also make sure to consult with an estate planning attorney you trust!!! Happy New Year!
Thanks Erin... sound advice!
@@ErinTalksMoney I'm also very interested in learning about trusts and putting financial and physical assets (real estate) in that trust.
I’ve been procrastinating on the credit reports. I just looked up the last one I pulled was 2016. I recall doing it annually for a while but never seeing anything interesting. Although that’s good, I think I got bored with it & forgot about it. Thanks for the reminder; I’ll do today
Boring can absolutely be great when it comes to credit reports, and a lot of things finance, still worthy of checking every once in a while. I’m glad to see you it’s been added to your list for today. 😊 happy new year!
@@ErinTalksMoney it’s fortunately still boring but it was very quick/easy to check. Appreciate the encouragement to just do the housekeeping!
My financial goal this year is to finally complete my will. When we had no heirs or assets, it was easy to ignore. But I think about it every time I travel for work, and worry about what would happen to my family if something happened to me. Especially passwords to important accounts that my wife doesn’t have.
I love the idea of a video inventory for insurance. Should just do one, regardless of the mess 😂
I finally did my credit freeze a couple weeks ago, and we'll work on my spouse's this week. The video for insurance purposes is something I heard many moons ago but totally escaped me, so thanks for adding to our to-do! lol
Sorry to hear your birthing experience was traumatic, but glad that you and Jameson are safe now. Take care of yourself 💜
That makes me so happy to hear! Happy New Year!!
I am an interior designer and have helped multiple clients after a tragic loss of their home in one form or another. I cannot stress enough how valuable an inventory of your house is. If you have to tackle one small section per week, just do it! You hope you’ll never need it, but if you do, it will be a life raft in a very rough sea.
Wow, Erin … so happy that you and Jamison are well. As a husband/dad, the prospects of a tough pregnancy can be terrifying.
Thanks! Happy New Year!!
Great tips. Totally need to do 2 of them tonight. Loved the quip on the iPhone and subscription thing.
Useful reminders. None of these were really on my to do list but a number are now.
For years I have been meaning to take the inventory video of my home. Just put it on my to do list. (BTW, I would suggest recording your house inside and out.)
Thanks for the tip!
Happy New Year. And yes do not procrastinate. Same with loans. Hard to borrow money when you NEED money vs when you don't need it. A line of credit works well in those times.
Happy New Year!!
Good list of recommendations. Sorry so many comments are about the iPhone aside.
The life insurance we took out on my wife when she had our first child we just refer to as “Nanny Insurance”. Glad we never needed it.
Making a video of your home - my sister's water heater broke and flooded her home - and now she is sifting through everything she will need to replace. Good reminder
I’m so sorry your sister is going through that!
I check mine a few times a month. Went into the area and saw a tiny leak. Put a towel down and checked it daily. I was able to get a company in to replace it and he said I was lucky because a break was imminent. Simple periodic system checks really pay off!
Honest question- I don't understand the apple superiority thing. You're basically saying Apple should have a monopoly on cell phones? That seems like a bad idea. I know it's not that serious but truly, can someone explain to me why apple phones are that much superior? I do know they work well with everything else in the Apple ecosystem, and generally there are better options for phone cases and accessories- at least vs someone like me using a budget level Samsung model. Is there something inherently better about the user experience otherwise?
Haha, I certainly can’t answer the question for everyone, but I can speak to my experience. On a personal level Apple products make my personal life much easier. I lose my phone about 20 times a day, it is my Apple Watch that helps me find it. Transferring files between my phone, and my iPad, and my MacBook is immediate. What I do on one device, shows up in real time on the other. And the editing software that built in to the MacBooks, is absolutely phenomenal. (Very helpful for someone who wants to do a TH-cam channel ) Where as a PC, it would require us purchasing additional software.
Now, on the flipside, in my business, at my company, we use PCs. Quite simply, because they have better functionality across the more software platforms than Apple products do. Apple products actually cause issues with many of the software that we have to use in my workspace. So we specifically will not use Apple computers in my line of work.
So for my personal life, Apple products make my life easier. For my professional, windows based PCs actually make my life easier. So I guess I entirely depends on the situation.
@@ErinTalksMoney good explanation, thanks for responding! I am an accountant and don't do anything requiring editing software. Basically every system I use for work is internet based now, aside from some tax software.
Apple has been called out many times over recent years over their monopolistic practices, and continued use of proprietary components ( a recent ruling in the EU has required that they stop using the proprietary lightning cable, and convert to USB c, like the rest of the world) And the blue/green issue with texts is their refusal to conform to accepted standards. They are gluing many of their computers together, so they are the enemy of people that believe in the "Right to Repair" movement. I know people that have loved their hardware that are abandoning their computers because now they are soldering memory onto their motherboards, so that they cannot be upgraded. And the list goes on... Google "unsavory business practice by apple"
Thanks Erin and Happy New Year! I have used credit or security freezes in the past when a card was stolen while en route to me. Credit reporting agencies always used to apply a fee to unfreeze the account when I wanted to use it. Can you please share with me the link, rules or information that explain this is now a free service? That would be helpful as it is a useful tool to freeze most of the time. Many thanks from Virginia
Thank you Erin, this is some real quality practical advice that we can all use! I've been subscribed for a month and have been very happy with your video topics
So glad to hear that!! Happy New Year! 😊
The beginning of a new year is a good time to also review your investment portfolio, and consider rebalancing. The fact that trading is low-volume and that markets are often closed during the holiday offers investors a quiet moment to reflect on whether the current composition of their portfolio is adequate to their situation and needs.
Here in Canada, we are also rewarded every January 1 with new room in our "Tax-Free Savings Accounts" (TFSAs, equivalent to the U.S. Roth), and if there is cash on hand, there's no better time to contribute our annual maximum ($7000 in 2024) and take advantage of tax-free growth through the year to come.
Congratulations on baby Jameson, Erin, and looking forward to a year of learning more about finance from you, and the development of your channel (with it having made the 50k subs threshold!).
Thank you so much for sharing David! That just made me add to my to do list to go contribute to my Roth for the year! 😊
Miss should check on how much she overpays for apple fungirl lifetime subscription
Another Video, another picture of Jameson! I see his ROTH account growing even bigger each day!
Great information. It's been several years since we've taken a video of the goods in our home. Thanks for the reminder. Keep up the great work!
For credit freezes, if you do decide to apply for a new credit card, you can unfreeze it for a set period of time (such as a few days to let the bank run their credit check) with it automatically freezing again after.
Great tip!!
Great advice, I'm definitely going to follow up on a couple of these. Thank you.
I actually was not aware of being able to do a credit freeze! Thank you for your informative videos Erin, they are extremely helpful. Happy New Years to you and your family! 🎉🎉🎉
Glad it was helpful! Happy New Year!!
Great video. Those are important financial tasks to complete, but are often overlooked. I am like your husband, I sign for Amazon prime and then cancel before they start charging me. It works, haha.
If you each have life insurance available through your employers why would buy open market term life insurance in a rush in your 3rd trimester? Did the plan not allow election modifications for major life events like a marriage or birth?Mine did. I only carry the max offered by my employer for me and my spouse. I've never considered buying more. It is 10x my salary or $500k for her. We had considered buying more for her. It is wild to see 30x being recommended. Avoiding financial hardship for up to 10 years seemed sufficient to me. 30x is an entire career's worth of earnings. Glad you made it through the delivery without too much trauma. Happy New Year!
The work policy is fixed with no adjustments. Happy New Year!
Oh damn here come the iPhone and androids Stans... lol everyone chill is the 1st of the new year, save your rage for the rest of the year. 😂😂😂
You can't say anything these days without getting "canceled". I don't like sushi, but I don't dare tell anyone, because I don't want anyone to judge me for not liking cold, dead fish.
Note: I use both iOS and Android, so don't judge me.
Happy New Year!
Love my Android phone.
Had a private chuckle when Erin asks her followers to “subscribe” to her channel just moments after disclosing that she is anti-subscription! 😂
Hahaha! Anti-paid for subscriptions 😂 😂 these TH-cam videos are free to watch!
Happy New Year
I like it, I have Apple stock...but no iphone
Love the video of home idea!
Oh my goodness!! So glad you and Jameson were ok!! Thanks for the tips! I should definitely look into freezing my credit.
Quick and easy and just an added layer of protection. Happy New Year Nathan!! 😊
Hi Erin, Happy New Year! I’m sorry to hear how the birth of Jameson could’ve turned out way worse than it did. Soo glad you’re both ok now 😊 In regards to the part of your video about credit reports, I had no idea that we can get a free credit report every week instead of every year. Thank you! P.S. obviously you were joking about Androids. Love your videos! Hope you have a great week😊
Thanks Mark!! I hope you have a very blessed New Year! 😊
Thank you! P.S. I just went online to get my three credit reports 😊 Thank you again for the info! Have a blessed week 🙏😊
Great video, with some really important stuff! iPhones are pretty much a scam though haha.
I would also suggest a living trust.
There is no chance of having a wife get all my belongings in a divorce because I am never getting married! Boom, mic drop 😅
*Patrick Stewart voice*
"Engage(ment) for Erin, and keep up the great work.
Erin - thanks for the tip on making a video of personal possessions. I never thought about that. I'm doing that today!
That makes me so happy to hear!!! Happy New Year!!
Happy New Year!!!
Lotta hate for Android outa nowhere. Maybe it was meant as a joke. Constructive feedback, if you meant it as joke, intead of saying you don't want that person in your phone, which can come off as snide and dismissive, maybe end more lighthearted. Anyway no worries, too many people are too easily offended these days. I enjoy your content, keep it up.
Ha! I cancelled two subscriptions two days ago! I don't know why I'm feeling so good about that right now. 😎
Similar to Life Insurance is disability insurance which I still need to get. I regret that i didn't know/think to do it when my health exam was still current from getting life insurance. I gained back weight since getting life insurance in 2020 and Ive been waiting until I lost weight again, but it hasn't happened. I should have just done it years ago.
Awesome and very relevant info as always, certainly things that are easily forgotten or out on the back burner. ❤ Any chance of a podcast in 2024???
Idk…I’d have to get more time on my hands 😂 New baby keeps me pretty busy - as it currently stands I’m working on TH-cam videos from 4 am to 7 am to work around the day job and baby
3:13 Who would know about how beneficiaries are handled if one of your kids lives in Australia?? We only list our daughter because our son does not live in the states.
I'm surprised that anyone concerned with finance would use apple. From child labor mines, developer treatment, and forced updates through sabotage, I could never recommend such a product.
Bravo
7:37 Peanut cameo.
Just started watching your channel today. Very informative, new subscriber here.
Welcome to the channel! 😊Happy New Year!
I have a Microsoft subscription that I got free with my student ID 15 years ago about 7 years ago its was no longer free. I've tried to cancel but I get annoyed on hold and I don't even have access to my school email the account is under.
Is it on a credit card? Could you cancel it via a credit card?
iPhones still exist? 😂 Enjoying ur channel! Gr8 work!
I think it's hilarious that you're all in on iPhone when Apple is generally a more premium / luxury brand. (I'm an iPhone owner myself, no judgement, just funny)
I got the iPhone but stopped there for premium products…. Skull candy earbuds will do me just fine
The iPhone is how I started this channel! Recorded my first TH-cam videos on my phone and edited them in the free editing software! I wouldn’t have this channel without it! 😊
Negative on the iphone 👎
Knows nothing about Android..... oddly assumes iphone is better.
That is probably 90% of iphone users, wilfully ignorant 😂.
Hubby switched to apple at insistence of his 20 yr old daughter. He HATES it. Regrets it everyday. I told him he would! Lol.
I feel the same way about people with I-phones...just unsubbed.
🙏
Sigh, iPhone people.
😮💨
On a serious note - I do love my iPhone, and actually started this channel years ago filming it on just an iPhone and editing it in iMovie. I wouldn’t have ever had this channel without my iPhone…I’m kind of indebted into it!
The bigger ROI was from your perseverance and gratitude during your earliest days on building this channel in the right ways. I can understand how that isolation could manifest. Yet your work is a noble validation for isolated young savers everywhere!
Well as a financial channel promoting saving money your Android comment is very disappointing. Android phones are equivalent especially to today with the higher end Samsung and Google Pixel phones and are usually more economical. What a snob! Another person with their fashion piece of Apple technology. This is a prime example of people owning Apple technology and think they are better than everybody else. My advice is stick with financial advice. I just unsubscribed. Oh by the way this was my first video I ever commented on.
I’m sorry my Apple comment came across as offensive, it was my intention that it was a light hearted joke. I can see that it was not taken that way. I am sorry for that. This is an opportunity for me to learn that I need to be more careful with my words going forward. Sorry to see you leave the channel, all the best.
Well my first reply got deleted somehow. Had a link to CBS news story about mini beep which allows Android phones to use the Ichat protocol so you see a blue chat bubble from an Android device. Apple breaks it by changing the Ichat protocol, because they have to keep their wall garden. I am glad your happy with your Apple products just don't throw shade at my platform, because Apple is not as superior as people think. Thanks for the apology. @@ErinTalksMoney
Happy New Year to you and your beautiful family. Praise God for seeing you through your pregnancy and blessing you with a handsome bundle of joy❤! Well Erin, maybe one of your future videos could be a comparison between Apple I-Phone and the Android phone. May the best phone win that will help save the most money for investing . Great video and it’s good to have a sense humor 😂!
The Android slander sha'll not be tolerated lmfaoo
Get an iPhone? Terrible financial advice in my opinion. What are you spending $1000k on a phone that lasts 3 years? My $200 phone works just fine and pretty much does everything an iPhone does except turn your texts blue. Maybe take that $800 bucks you saved and invest it.
That would be a wonderfully smart move if everyone invested the difference 👏
PS - my first 60 or so videos here on TH-cam were all filmed on and edited on an iPhone, so it did a smidge more than turn my text blue. It gave me a side hustle 🙏
Looks like a can of worms has been opened...
This iphone thing makes me question everything I heard on this channel😮
Idiot statement.
$1,000,000 for an iPhone? Glad I switched to Android. 🤭
Another great video :) -from an Android user lol sorry you're getting some flack for the little joke.
9.5 months pregnant?!
Wow, the blatant hate for android users was highly unnecessary. Unsubscribed!
Timestamp?
Don't u think it's petty?
Wow! Talk about this skin!
@@LA-ly1ntit’s at 9:24
In an otherwise professional and well done presentation, that line was just silliness and immature. What was your point?
Excellent video. However you were having a baby over a number of months and being dramatic at the end ( to yourself is one thing ) to others is over the top. And yes I have children and I have even list a spouse so real be a little less dramatic.
iPhones are disgustingly unusable. Will never buy an iphone again.
Nice plug for Apple.
Just unsubscribed. I don't tolerate Android haters. Just watched my last video from you.
Sorry to see you go.
I do love my iPhone and intended for my comment to be a light hearted joke, I can certainly see that it was not taken that way. I’m sorry for that.
I'm not unsubscribing but it definitely stung. It basically came across as you don't want anything to do with android users even though you also said you don't know anything about androids! Lol! 😂
Bro take a joke. Too sensitive…
Lifetime Android user here as well!
@@ErinTalksMoneylooks like you turned comments off sorry you had to do this. People get a life, she was making a joke about phones. Grow up people. Good job Erin.
Kinda hilarious how people got so offended by a harmless joke🤣 must be new to the internet
As someone that had a scary/possibly not survive childbirth experience, I totally understand the life insurance feeling ❤