how NOT to spend your money
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- เผยแพร่เมื่อ 21 ก.ย. 2024
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How NOT to Spend Money: Reacting to TikTok Money Fails
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I doubt you'll see this,but you might.what do "you" mean when you say "if you can afford it"? Some think if you can cash out 5 you can afford 1,some think as long as it doesent come before any debt or responsibilities, I'd like to know.also,what you're opinion on getting teeth fixed, where do you put that,a luxory,necessity? You look like you may have had work done to your teeth,if not,God blessed you,but if so,what's your opinion. Please and thank you in advance
As far as gambling goes, they say "The house always wins" for a reason!
Going into debt for a handbag that you won't any money to put in it is insane. I'm a guy, maybe I'm missing something, but I'm not buying a $500 wallet.
It’s actually trashy to blow your money on handbags. I had an expensive handbag given to me. I don’t even remember the brand, like Chanel or something. I actually felt trashy using it and ended up giving it away lol
Purse from Walmart $20.. It does not have enough compartments so I went to the Dollar Tree and bought 2 tiny zip purses to put inside the larger purse... And it is just fine.
Our utility companies allow us to pay in advance. We looked at last year..added 35%..prepaid heat, lights, water for a year..lose 4% interest but in case of illness..at least that is covered..We stock up on canned meat, in our freezer..oatmeal, noodles..We truly only buy 1 gallon of gas a month..live 11 blocks to post office. Library..Dollartree 2 miles to grocery store /bank..stash cash
I don't think that rewarding yourself with a trip makes sense. We have found that by never having the tv on we don't feel like we are missing out.. We only use TH-cam..
@@Joce123. I was thinking about doing this pre payment of my utilities too ( electricity, gas, internet, cable and cell phone). Sit down calculate a year’s of payments . It will allow piece of mind for sure.
People are plagued with so much entitlement it would probably take a depression for them to realize it.
Absolutely!
How can someone ignore a debt? I will never understand this. I couldn't sleep.
That makes 2 of us.
I don’t even like having a mortgage 😂 we’ve paid off 13+ yrs of our mortgage in 2 1/2 yrs cause I hate “owing” anyone, anything.
I can't fathom how one spends $225 at Chick-fil-A
My bro has 200k in non-mortgage debt (on top of a 200k mortgage). No idea how he sleeps at night.
@@charliecampbell1232 😮 That is absolutely brutal… damn!
Immediately after I get paid, I go through and pay every bill I owe first, then I worry about necessities, food, shelter, discretionary spending, etc. The bills come first. Always. This is why I've never understood the "pay yourself first" bit of financial advice. That just sounds like nonsense. I have to come second, my bills have to come first. I've never heard a logical explanation for why it should be the other way around.
Pay yourself first doesn't mean spend money and spoil yourself with random crap, but it means to put money in a savings account or investments or to pay off debts.
You are paying your futureself.. before you are spending money on your current self.
Ofcourse you have to pay your bills.
Just a suggestion. Pay yourself means take a little $$$ for yourself, My dad said this, if you need some gas for your car 🚗 and something little to eat (McDonald’s) , your bills can’t help you. I take $10 out each check and stash it in a box. Just a little advice. 😅😅😅😂😂😂❤❤❤
It’s just saying to be sure to put money aside for retirement first then spend the rest as needed. If you don’t do that the chance of having money left over at the end of the month to save are very low for most people.
I put a third of my Social Security ( only income) into savings then I pay my bills whatever is left is what I have to spend for the month
@@saritamoorebansa4485 agree 👍 I just got a 2nd job and pay check goes into a high yield savings for emergencies because they will come.
That woman at 00:07:53 who says paying off her debt is not what she's "most interested in" is a conundrum for me.
I understand prioritizing your family ahead of debt. We should value time with our families and giving our children wonderful childhoods if we can. We should work to live, not live to work. I get that.
However, she DID take on the debt and she is *morally* obligated to pay it back. So I hope her lack of interest in paying off her debt does not actually mean she plans to never pay it back. (Who ever WANTS to pay back their debt? No one!) If that's the case, she's essentially choosing her family over everyone else's. That's how society breaks down. Also, if she never pays back her debt, she is hurting her future life and opportunities along with her children's.
And for god's sake, I hope her children are not under five years old making them unlikely to remember their trip to Disney at all. In that case, the trip to Disney is actually for HER, not the kids. Kids that young would be happy just running through the sprinklers in the backyard and eating popsicles for dinner.
I don't want to pay off debt.
Girl, who's gonna take care of you when you're old? Better not be your kids
Kids need your love, attention and time. That doesn't have to cost money. Going into debt for a trip to Disney (or anything else) is satisfying something you need to feel worth while.
I was watching this channel where this low income woman was talking about her toddlers birthdays. She said that toddlers don’t even care about the decorations and the elaborate party. They just want to interact in a fun way. So for her kids birthdays she will make a point to spend extra time with them just playing and blowing bubbles and stuff. It made so much sense. A lot of this stuff about holidays and vacations are just instilled in us as what’s normal but when you think about it it’s not really that important.
@@mamadoom9724yes birthday parties have become a competition for parents to show off. And thanks to those competitive parents to other competitive parents now you have to spend more money cuz apparently now people buy little gifts for every kid that comes to the party I'm like what the hell is that. When I was a kid you came to the birthday parties it'll be nice if you bring a gift but most of the time didn't. And all the kids care about is playing and some cake or some cupcakes or some cookies anything that sugar lol
Adults take kids to Disney to empress their friends, it's not for their kids.
I lived in Florida for almost 12 years and never ONCE went to Disney & I have 6 kids! Do you guys know how much the tickets are for 8 people?!?! I grew up poor in the South Bronx.. there's NO WAY I could justify paying almost 300$ a ticket.. man, we used to go regularly to Old Town outside of Disney with the classic car show, carnival rides, Italian sausage and ice cream. Cheep & cheerful 💕🎶🍦🍭
Exactly
Thank God you're drinking water today and not beer again😅😂
How not to spend money? Don't leave the house!
Well there is Amazon… online gaming and gambling…. You can lose thousands in an afternoon by never leaving your bedroom
@@ridinwithjake But there's Tubi, a one time purchase of a video game and why even gamble?
You don’t need to leave your house to spend all of your savings. The internet is advanced like that
Caleb is the real MVP! Ive been watching him since the beginning before he started yelling at people he would walk up to people on the side walk and ask them about their finances! I’ve learned so much from him!
I saw this a lot working 9-5. It's very easy for people to fall into the trap of spending $200+ on restaurants and bars on a Friday if that's paycheck day, and then by Monday you're broke. Keeps you showing up to work, but it's a vicious cycle.
The people that can actually afford those expensive bags often do not want those bags 😂
Raises hand…my bag is some no-name thing I probably got for $30 a handful of years ago. I just don’t even think about things like that until something is falling apart.
Some high priced items are higher quality… handbags are not among them
I get excited paying down my student loan 😅 seeing the balance decrease fuels me to keep pushing. I like to have a balance with budgeting. I give myself an allowance for fun money and spend within reason. Once that money is gone, that’s it no more.
That's a great mind set.Make it a game.
Same with mortgage payment, it's nice to see the outstanding balance lower when you check in every once in a while, not that it moves very fast on 30 year payments 😂
It’s the best feeling!
What’s a reasonable fun money allowance? Trying to figure out how to determine that & if my fun allowance is too high.
I felt such a sense of relief when I paid off my student loans
We knew someone who always paid their wants before the needs. My husband and I would joke around and call it backwards budgeting. They lost their house and things just went downhill from there.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Storch.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
You trade with Katherine Storch too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
2009 I flatline due to a blood clot. Was prone to them for whatever reason - doctors couldn't figure it out. Haven't had on in the last 5 years but didn't think I would live passed 46 and had that mindset that I won't be here so need to live- now I'm 51 playing catch-up. I'm so focused that I'm planning on getting my house paid off that I purchased in 2020 ASAP.
Glad you are still with us! You got this!
From an ER nurse here, don't get those jabs...seen too much my friend. Glad you are doing well.
No.Im selling my house in ND to buy a smaller cheaper house in Kansas..like Wichita...or Dallas County Missouri.. I won't have to work hard to have that house paid in full.
Well that’s why parents need to step up and educate and guide. Stop bailing out your kids and let consequences teach a lesson.
Agreed.
I bought my first house with my ex husband at age 22. He also came into the marriage with massive debt and nothing to show for it 🤦🏻♀️ we were so poor that all of our money went to the house and debt. We were near starvation (there were some weeks where we only ate oatmeal) and my parents are somewhat well off so I always wondered why they never helped us. Now I get it. It’s because being so poor taught us some valuable lessons about budgeting and being as resourceful as possible.
For the girl who bought those handbags, WOW. First, the quality is now crap and second, no money in the bag?! 🤣 that is super dumb. The VAT tax is not reason enough. PS. Fakes are hundreds of $$$ fakes now look real.
I have customers who cannot afford air conditioning repairs.
But they always have the newest iPhone.
It's hard to feel bad for stupid people anymore.
Those handbags are thousands and thousands of dollars. I can’t understand buying those either. Let alone going into debt for it.
Lmao...I don't spend more than $50. Even that is too much!
These stories all sound like thinly-veiled doomspending.
Very heavy on the consumermaxxing
Awesome commentary❤❤❤❤. I totally agree about planning and having goals with your money. So Many people are looking up and saying they really didn’t mange their money. Manage which means plan . Ex. You buy a car, and say I’m going to pay this car off in 2 years rather than the 60 months of payments. You sacrifice and make significant principal payments when you can to pay off early rather than just pay monthly for the entire term, Eat out only on pay day and treat yourself but eat at home the remainder of the money .
Every time I wanted a raise, I would pay off a credit card and cut it up until I was debt free.
If someone is very materialistic then they usually don’t have much personality to offer
I don’t know if I have a gambling addiction. I buy 1 $10 scratch off lottery ticket about twice a year.
I think you do. lol
🤣🤣
You need to seek help 😂
#MichaelJordan "Stop. Get some help"
Draining your 401k for a PS5 should be a sin😭
Love your show bro
Chick-fil-A is not good anymore lol
My wife and kids think otherwise 🤣
Why do you say it's no longer any good?
@@jjbuckner it was better back in the day lol, the OG Chick-fil-A in the mall was elite
@@wavydavybeats Zaxby's is definitely better
@@wavydavybeatsthey still have in malls where I live
The gambling one is absolutely right. Of all the addictions I can think of, it's the only one you *can* actually come out ahead, even if only short-term. Problem is, the more you gamble, the lower your odds of that...kind of like the opposite of investing. Close to a coin flip day to day, but over the course of 20 years, almost guaranteed to lose money.
Baseball owes Pete Rose an apology.
Debt can destroy a life in the blink of an eye, pure ignorance!!! 🤦♂️🤦♂️🤦♂️
I’ve been binging a ton of your vids JJ, love your content! For me, I’ve decided to go into the military since my dad lost his job and we are gonna lose our house soon, best thing I can do for us is move out and not burden him with expenses and insurance. I’ll be saving every penny I earn for when I come back to civilian life 😊
Appreciate you watching and thank you for your service brother! Go kick some ass!
I've gotten way better with money. I save most of my money. I allow myself a small allowance for BS. I've had more success doing this than going completely cold turkey. This has been more sustainable.
Being in my fifties I have lived through some tough financial situations. Remembering and having a mortgage when interest rates were 15% in the U.K. House paid off ten years early and zero debt. I don’t know how people are surviving with debt in this economy. That said it’s tough for youngsters now but my teaching to my own daughter is debt freedom apart from bricks and mortar. I’m happy to report that she listened.
Women and purses & shoes.. i’ll never understand the obsession. 🙄 It’s just a status symbol, so many people are more than willing to go into debt to impress people whom they don’t know and don’t care about. Makes zero sense to me whatsoever.. and i’m a woman.
Our daughter, 22 year old college grad, has over 100 pair of shoes and 30 handbags (I counted them) and her transmission just failed in her car. She needs $5,800 for repair. I told her she may want to consider selling some of her stuff. I also told her to do a transmission service when she bought this used car but instead, she spent money on trips to Disney, Myrtle Beach, and other areas instead of the $250 for the transmission service. Would have been some cheap preventative insurance now, she’s crying she doesn’t have money to fix car….
@@thelastboomer9088 Absolute madness.. guess she’s about to learn something from the school of hard knocks.. 😅
I’m a woman and never could figure these types of women 😂
Another woman who doesn’t get it
I bought a Louie and spend 6 months paying her off! I threw a ton of money at BUT I haven't had to buy a new purse for 3yrs! $2000 for my neverful but it was a dream bag of mine.
*Amazing video despite the economy disaster and political war in the country, investment remains best for earnings. Imagine you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Waking up every 14th of each month to 210,000 dollars it’s a blessing to I and my family… Big gratitude to Maria Frances Hanlon🙌
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still
believe in God
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
She's always active on Whats~App... 🎉
I am on my way from financial illiteracy. I have separate accounts for taxes and rent, quit unnecessary subscriptions, have budget and credit card is for German classes. Alwsys pay first and then save. Will build investment portfolio. Do staycations and don't buy if cannot afford from checking .
No gambling. Full stop.
Minimalism is such a powerful thing (in all parts of your life)
That skin fade looking proper!
I have a full house of Chia Pets. I wish people were more like me and invested correctly. SMH
🤣
I mean, you CAN eat them if you had to. So, technically you've invested in a small-scale farm.
(Don't eat them, though. The company does not recommend it.)
Edit: I should clarify that by "them" I mean the sprouts. FFS, don't eat the terra cotta. 🙃
😂😂😂
@@greg_216 how dare you suggest I eat my pets.
I like living according to a budget. I have to pay bills.
Invest in tools that can make money. Wrenches and a ladder are a good start.
She said the bag "looks 3d" that's all I needed to know.
This is about to get WILD
My dude 😎🍻
Creating content and getting your name out there will and create passive income only if you "do your research" FYI lesson learned! Thanks 😊
Every extra cent I have right now are goint to my loans.
Chick fil a is full of chemicals. The regular sandwich has over 20 ingredients and most are chemicals. Wake up
I chose to ignore it🤦🏾♀️ I have just never been able to get into gambling/casinos. But I see how folks could get enjoyment out of it.
Ruining her credit & future over chick-fil-a 😂
I work in a casino maintaining slot machines. As long as you gamble responsibly and have a set amount of money you're comfortable losing then that's okay.
So important to remember that!
I was on a cruise & decided that I would hit up the blackjack table. I lost $20 in 30 seconds. I knew then & there that gambling wasn't for me. I'm still salty about it.
@@katcraig7525I did the same on a slot machine. Never gambled again! (Unless we are counting the stock market 🤭😏)
I adore my 14 year old car. Know why? Because it’s dependable. That’s all I need.
We live in a world of instant gratification. Everyone wants whatever they want, whenever they want and have a hard time hearing no. People go into debt for the most stupid and shallow reasons and then justify their dumb decisions by saying that they needed it. People can't really diferentiate between wants and needs anymore, and it's sad.
Since when do the likes light up when they say to like the video? Is that new or am I extremely unobservant?
8:25 do kids really enjoy going to Disney and waiting in those long lines to ride the rides and walking around allllllll day? I think it’s more for the parents
They do, and if you buy the fast pass, you don’t have to make the long lines. It will get you deeper into debt but hey YOLO 😂
As a former child, I can confirm, we do enjoy amusement parks. I've never done Disney, but my local Busch Gardens and Water Country were places I *always* wished for, even through ny 20s.
@@xaldath4265 those amusements parks are different and waaaaaaaayyyyy more fun …. Disney just seems like a whole lot
Especially considering that if the Fed's lower the interest rate I will be earning less money on my savings... I will be giving up less interest earnings by using my money to prepay utilities.
Even if ur days are numbered and u die tomorrow....I doubt your ghost would be sighing at not going to Disney.
Instead of going into debt to live today, instead of saving for your self to have a good life later on, save up and invest for your children to pass the wealth down and create generational wealth
Or at the very least you should save so that you aren't forcing your kids to take care of you. I believe the retirement crisis is only going to worsen in the near future and people need to seriously change their financial trajectory to get ahead of it.
I do like to gamble, but I make sure that it fits in my “fun” budget. Not just that, but I make sure that it exceeds no more than 5% of my fun budget, just so I don’t let gambling get in the way of other fun
I stopped paying my credit cards over $8000
In that last guy's defense... Sorry I got nothing
If your 401k is for when you turn 59 and a half and the cost of living has quadrupled in less than 3 years what will that 401k even be worth when it's time for you to pull out lol
Im addicted too buy now pay later but im going to he an adult and return the stuff back
Most people who buy luxury goods don't make a lot of money.
Wheres the beer?
Epic fail... Empty fridge. Had to restock haha
Had a coworker give me a home brew he has been brewing. Idk if you home brew but maybe start home brews.
People need to learn how to cut your losses.
Does the woman who wants to go to Disney have a 529 for her children?
I bought 2 fake lv bags for $100 to get over it lol 😂 I will never buy a real one and I don't care what people think. I'm over name brands nowadays. I will never get into credit card debts bc I don't want to pay interest.
Louis Vutton is somewhat "affordable" to the common folk, and the bags she got seem to go around the $700-$1100 price range. Now if it was a Berkin or Kelly bag yeah, she would pretty much need to start an OnlyFans right after she sold a kidney on the black market.
For those that have a real Big Lou… we know . Try thousands for one….. I worked 32 years in corporate before I got my Louis’
Good video
I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.
A lot of people never even achieve that in their lives. The key is to just make the most of what you've got.
Do not google how much do Louis Vuitton bags cost. 💀
😳
Or Birkins. You might not recover. LOL
Zaxbys is better than Chick-fil-A. Both come from ga. Zaxbys has better sauce.
Debt free is good!!! Too bad more people don't do it!
I admit I did buy a brand new car (small and purple :)) about 7 years ago (cost me 11000.), and I still love it, i'm going to drive it until it does not run anymore. Try buying a new car for that price right now...impossible.
I checked that If I sold it, traded it in ..It would be worth 6500. I'm not selling, because another new car would cost me 26000. ...........yeah no I'm not paying 20000 for a car.) (Second hand cars are no joke either)
Man i feel like I'm never going to get ahead financially, i was building a lawm care business making decent money on tbe sode of being a firefighter, just when things were looking up, i had a disk re rupture and now I'm even further behind and still have to get surgery which i now have to go even further in debt for. On top of that i spent the past 2 months getting run around by the health care system because its a joke in thos country
It wasn't even a tax refund for the English lass. She was talking about a tax rebate. She got the VAT back when retuning to UK. So stupid
Here’s my thing. My wife and I have a small mortgage on our home and we own our primary vehicles. Most of my debt is business debt which is deducted on my taxes. I use credit cards but I pay them off in full every month. The way I see it: id rather front load credit card debt and pay off that debt when the cash flow pans out over the next 1-2 months. Fact is anyone can lose their income and go bankrupt so why not operate your life like that is a possibility? If I lose my business or if things go sideways, I can at least throw away some of the debt and negotiate later on or not. We have money and equity in our home and the stock market but no one is truly safe from complete failure.
Your business isn’t making bank and chill on the credit card
@@Shineynsparkles sounds like an unhealthy projection. You know absolutely nothing about my finances. You should direct that energy to your own stuff; maybe your situation will improve. You do know that most business use some form of leverage right?
Ive never had credit card and im 32 i coyldnt imagine any of these debts.
You will enjoy Disney a lot more if you go and spend your free cash flow, extra liquidity you have sitting around. Going while currently in debt is the dumbest thing to do. Unless you have a terminal illness that's the only time "living for the moment" makes sense.
Im 30 right now with 230k in investments. I will hopefully retire comfortably when i am ready in 35 years
Keep killin’ it! 🍻
God dammit. I'm 34 with like 20k. It sucks wasting your youth. Been trying to die for awhile but it turns out no matter how reckless I am I have some fuckin guardian angel that won't let me go 😂
Whoa, buddy! That 401k is not to fund “my” retirement. You’re married! That 401k is there to fund “our” retirement! You are one, not two.
that Dis trip mom is really teaching her children the wrong lesson she should be telling them that she wants to take them but they can't afford it now
Moore Richard Perez Amy Williams Mary
I will say it’s hard to not go on vacation when you are younger. We are just now able to afford a cruise that we paid for in cash and we just both retired. I’d always see my friends going to Disney or amusement parks and beaches for weekends and I could never do it for my family. But we always invested and paid our bills in full every month. Now my friends can’t retire and we can
Congratulations! It takes real willpower to delay gratification but it’s worth the sacrifice.
Who buys a PS5 to play remakes?
Oh, and the PS5 can't even use 240hz, so why did he purchase an expensive monitor as well?
These folks should read Rich Dad Poor Dad, by Robert Kiyosaki.
The “this could be your last day” reasoning to not pay off debt is silly. If you are gone tomorrow, now you have left your family with your debts! Wouldn’t you rather leave them with something positive?
Right! And someone with that mentality won’t stop using that excuse to waste money on stuff.
Whoa! You're way too old to be using the term "literally" as often as you do.
Algorithm
Are you just watching other peoples videos?
Gambling responsibly?
Ban credit cars
Chic fila barley has a menu
Secure your future!
Yes!
Not a fan of caleb or dave ramsey. They're arrogant. there are much better finance channels like Humphrey Yang, Money Guy, etc. more professional and levels you up.
😂