I'd like to invest in my future. It's not a waste of time at all, ever! I just started my life over. Got a mortgage refinanced into my own name and am paying my debts down!!! I watch you to stay on track!
8% pre-tax to my pension, 10% pre-tax to my 403b - I never even see that money! Post-tax I do 10% to my roth IRA and another 10% to emergency savings. By the time I get to my guilt free money, believe me girl I am GUILT, FREE to spend that bag 😂 I just love your content, especially the critical and ethical lens you apply to social media trends. It just hits right in a world gone wrong.
Invest in your future, but make a living will/trust in case you suddenly die so the government doesn't just get all your hard earned savings. Have secret beneficiaries, maybe a lot of them so the pile/estate is spread out.
The people that complain about these videos are the people that think that they will be forever young…. And will always be healthy to work for that paycheck ….
@@coolandclassic7717that’s the thing- modern medicine can keep you alive these days, but it’s VERY expensive to be sick or disabled. Never mind the emotional toil it’s takes on you and your loved ones.
The car comments in the video are so spot on. I decided to trade a car in for one that was better suited for that time in my life. I was financing it (with the goal to pay off early, which I did) so they ran a credit check. The salesman said to my husband at one point "wow, she could buy any car on the lot". Yeah, I could. But that would just have been stupid. A car is a means to an end, transportation, that's all. The $30,000 or under car is going to do the same task that the $60,000 or more car does. Quit using it to flex. You're being stupid if you use your car for status. No one cares.
Wealth to me is being able to choose what I do on a daily basis without being required to work ever again. If I chose not to work, I wouldn't have any of my possessions taken from me. That's true freedom. That's why you build wealth.
@@PJSparkles100this. Like the reason we have to do all this shit is because our governments failed us. What about the people who can’t grind right now to hope to maybe have freedom later? This mindset abandons so many people
As someone who is nearing a somewhat early retirement, I cannot stress it enough. Please please please start saving even the smallest amount towards retiring!!!!!! That money, no matter how small, grows with time. The more time, the more massive it grows. So please please please live a bit below your means if possible. Make it a habit to put even a few dollars aside in savings. Don't touch it. I am a type of tired I can never explain. But when you get here, you know it. You feel it.
❤I spend comfortably when I do a budget. I have a 10% of what I make for myself on anything I want. I have the golden rule “ respect the budget” I don’t go over my budget. This way I can feel balance with my money and I don’t feel strict since growing up I heard “no”
Yes! That, to me, is COMFORTABLE! Things are not comfortable. They are things. They are money out the door and often that means stress. Budget = peace of mind!
Dang, I’m 58 years old and I sure wish I had seen this video when I was 25. I’m doing just fine thank you very much, but it could’ve been quite a bit better. If I had had a lessons that you are sharing here in front of me back at that time. Every small step you take when you’re 20 and 30 turns into big rewards when you are 50, 60 and 70 years old so thank you for your wisdom and I love your channel!
I’m so happy people my age and younger have your mindset! Your content is for everyone and that’s ok. People who make comments like that feel defeated. It’s not that you don’t make sense, it’s that they don’t believe it’s possible for them. I just turned 35 and I’ve definitely learned from my parent’s mistakes. In their 60s and still HAVE to work 😢. I want to retire in my 50s God willing
thank you I appreciate your love and support. The reason I say I don’t make my content for rich people is because rich people already know this information. they raised their children to know this information, have wealth and keep it going. The average person that I run into struggles with the most basic of things like a budget or investing. But I am thankful for anyone in any financial situation that supports me and gives me a listening ear 💗
I feel like I'm the only one in my social circle with this mindset, and I've given up on talking about this stuff with my friends, I just know it's not going to cause them to turn a leaf. Changing that consumerist mindset, I feel like, is something you have to realize yourself. Living *well* below my means is more and more becoming my M.O.
people who say “ oh I could die tomorrow that’s why I buy what I want “ are crazy cause like you said people are living longer and there’s a rare chance that you aren’t going to live for a long time so why would you not take the chance to prepare for that. If you die you won’t know that you missed out on fun temporary soooo 😭😭😭 and I never had that mindset but omg I used to spend my money so recklessly but I also had the nerve to say I wanted to retire comfortably one day. I’m 22 and I’m so grateful that God showed me your page along with others that taught me financial literacy because I now have refocused my priorities and it’s completely changing my life. I feel ahead of the curve and like I said I’m so grateful because I know that’s not the case for everyone I know.
Symone, your videos help me see that I do not “need to keep up with the Jetson’s.” Compared to some people, I have like $3,000 worth of debit to pay off. I couldn’t imagine having more debt 💸
Just joined the Financial Independence Retire Early (FIRE) movement and plan to retire at 50. I wish I had invested more in my 20s and 30s and spent less time trying to ‘climb the corporate ladder’.
One of the most beautiful feelings in life is being able to afford everything you need in life. I have tasted what it means to be b r o ke and I can tell it’s not something you wish for anyone. Thanks to Larysa Caba, I don’t have to experience that kind of life anymore. I’m grateful and I will always be.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I seen videos where it’s like “budget with me” or “calculating my quarterly networth” I would like to see videos like that with you if you were comfortable with it
I’m building wealth, so I can go about my days without worrying about the next bill coming out of my account, or if I’ll be able to afford my medication next month, and to retire at a reasonable age, not have to keep working well into my 70s like many others in this country!
The person asking the question is missing the point imo. For me, the point of building wealth is to have the peace of mind that I have money for what I need and then some. It’s not about being anti-consumption or anti-consumerism; it’s about not having to stress about overdrafting or hitting your credit limit. It’s about being able to grab a few things that weren’t on your shopping list without having to cut back somewhere else. Being frugal and financially savvy can absolutely fit into an anti-consumption lifestyle, but they aren’t intrinsically linked.
Your channel is so inspirational. After watching a few of them starting last month, I put myself on a no spend challenge. 23 days and going strong. My biggest weakness is Amazon, so I went ahead and put Prime on hold and haven’t made a single purchase since. I’m actually trying to eliminate most if not all online shopping because I find it too easy to overspend versus getting up, getting dressed, and going into a brick and mortar building. I’ve also scheduled a meeting with a financial planner to supplement and buffer my already existing retirement fund.
Nah for real, this this the biggest thing with me, when you said “I don’t want to have to figure it out at 40” it hit me deep because that’s exactly how I think. I am not gonna be 40 years old and I have to legitimately worry about money. A lot of people I know at my age are always on vacations and always eating out at restaurants all the time and that’s not what I’m doing. I have a good job now that treats me right and pays me decently, so instead of doing all that stuff all the time, I invest in my future. At this point, no I’m not rich or nothing yet, but one thing I do know is I can live life somewhat carefree with a lot of stress off my shoulders because I know if any emergency happens to me, I can pay for it without even thinking about going into debt for it, literally whatever happens to me
I would advise you have enjoy things in moderation. Travelling or other things aren’t inherently bad it’s just doing that without having invested or saved.
Spending mindlessly for the dopamine hit is pointless but I get why people do it when we know to retire in the traditional sense takes saving a huge chunk each month and it mean we sacrifice today. We are damned if we do and damned if we don’t. My plan is to work on my passion projects and build a creative side business and then work my 9-5 part time. I won’t be able to retire til 75 by the looks of things , so id rather work part time for ever than full time now and save everything in the hope I am blessed to experience those older years with good health. I wanna travel and work on my passions. I knew and know of too many people who were sick at 60 and passed away by 70… it’s made me look at things differently , I’m not prioritising too far in the future and sacrifice my present ❤
Spot on. I walked away from a long time friendship over this very sort of thing. Especially when they "forgot" to tell me they'd bought a new house. I know why they didn't tell me...they knew what I'd have to say about it.
I love watching your content. I've started getting my finances in order now-got proper insurance, a savings fund, and even started saying no to going out with friends because I've already set a budget for the month.
Love love love your videos. You strike the perfect balance of being honest and firm in what you’re trying to tell people, in a frank and funny way, without the degrading or nasty condescending tone a lot of finance content seems to have. So important to have good female role models in the financial creator space.
“Why spend money tomorrow I could spend today” 🤡 I think the user that left that comment had part of the right idea but not the whole picture. Like yeah you could just skip over the saving and investing part but that’s not the point
Always love seeing an upload from you! Literally agree with everything you've said in the videos. Awesome to know there are other people out there with the same outlook, goals, and discipline. It pays off in the form of freedom!!
I wanna build wealth so one day I can take a couple years off of work to try and write a book or pursue something creative that won’t bring me an immediate financial return. Consumerism is comfort spending on little treats and conveniences that I can live without.
I have a Coworker who lives comfortably and thinks they have a great life. They are 48 with a net worth of less than 10k and have over $400k in debt. That isn't comfy to me. She also told me to use my investment account to finance a trip next year instead of saving for it.
Exactly what I mean… some people think spending comfortably and living comfortably means being in debt with no assets 😔 I hope that they are able to get things in order and change.
@@SocialSymone they just downsized their house to pay off some debt but it won't help if their behaviour doesn't change and I can't see that happening.
I think what we want to stay away from is called “conspicuous consumption.” Wealth is for afffording a home, healthcare, family needs and a stable future and generational wealth, Not a thousand Stanley cups and Hello Kitty pillows.
I’m 18 and for the past few months I’ve been watching your videos, I’ve always been financial responsible, but watching your videos helps me just a little more!
i’m all for having passive income streams but i am also worried about like super hustle culture. my job drains me so much + other stuff that i can’t really mentally afford having a second income stream. i would love to one day though if i had enough energy :’). i do put away money for retirement though and pay off high debts first plus savings accounts 😛
I also realized that “going/being outside” all the time is a form of comfort spending. I used to always want to “be outside” and out and constantly having fun… once I realized that that was for a moment and not a lifetime I stopped a lot and scaled back on it and I’m content with it because I’m saving money and investing in my future
I thank my mum for my attitude towards stuff brought on credit (or 'on the knock' if you're a fellow English). Several times as a kid I heard her shut people down showing off a new BMW (etc) and say she was only impressed if they actually owned it. Renting is 'all fur hat and no draws' by her standards and like same
Consumerism is a trap for me coming from a former shopaholic, I’m trying to get into investments now. Wish I started sooner. Lmaoo seriously if you’re “rich af” keep it movin over here.
I don’t get paid a lot but I still have money going to my retirement 403b, high interest savings, and my brokerage for investment. It’s not a lot but like you said many times before, the point is that I am willing to do it. The savings and investment money alone comes from making coffee at home instead of buying it. I was shocked to see how much I was spending on Starbucks…. Decided I wanted to do more and better with that money
Say it louder for the people in baaaack!! ❤ One of my new favorite channels as always! 🎉I’m so proud of you and all that you’re doing! “ Debt Ain’t Nothing But a NUMBERRRRRRRRRR” 😂 sorry I had to do it
Yes to all of this!!!! It will look different to everyone. Some folks may even like RV living and traveling around. It’s not a one size fits all type of deal. Time is the asset you’re after. You need the money that gives you more time to do what you WANT to do.
My wife’s job has a 401k match up to 8% and mine is the standard 3%. That 8% match is insane and we feel very lucky to have it. We are in our late 20s and I think we’re ahead of many of our friends in terms of retirement savings. This is the best decade for us to SAVE bc of compounding interest! I know times are tough for most, but if you have fun money, you have money to protect yourself later. Please try to save something!
I truly appreciate this content. It's been helping me change my mindset around finances and put that time and work in. My just be happy has screwed my finances. Thank you so much!
Symone, I really needed this. I do have a problem with impulse control and feeling like I need to be able to spend comfortably to feel happy. I have a retirement and savings, but I havent been investing as much as I feel I need to be to feel secure. And I currently work a job that has a track record of not keeping its employees for long, and living off that income and paying my bills with it. I will definitely be listening to this video and thank you for your words of wisdom ❤
You have to start investing early so you don’t have to play catch-up later. While the people who didn’t save early scramble about their retirement you can be coasting on a nest egg
I love your channel and you make me improve my mindset. Buying a car nowadays is like having an adopted child because you pay for the day you trying to adopt a child , insurance, maintenance ,feeding fuel, hygiene ,transportation (road tax) , parking , and the life cycle is pretty short …. The new way is the lease car. The company pays for all of those and you pay monthly cost basically child support with a renewal new one no bad attitude as backlash 😂😂😂
Yes. That was surprising (*) when listening to finance guy channels like Dave and Ramit. (*) Although I should have known better, because I met people where I think they would still spend all, even with a higher income.
I think people feel intimidated or discouraged to begin their wealth building journey because a lot of the financial content online rarely specifies that "building wealth" and "spending comfortably" are going to look completely different to different people. My idea of building wealth and spending comfortably is the completely different to my best friend's idea of those things, so the approaches and dollar amounts we need to take to get there are going to look different. I think there needs to be more conversations like this around the idea that these things are deeply individual and everyone's end goal will look different, so you need to think about what your end goal looks like so you can start working towards it. But when a lot of financial content talks about "being behind" in retirement if you didnt start until 30 and needing millions of dollars to *maybe* retire by 65, it can be easy to decide "I'll never be able to retire, so why bother?" It's not a correct way of thinking, but I can understand the self-fulfilling aspect of it.
God. If I could build up an emergency fund without having an emergency as soon as it gets comfortable enough to start long term investing…. Just built it back up from the water leaking and now someone’s crashed into my car.
The guy sort of have a point, but only for wealth beyond a certain level. Building wealth up to the point of being able to afford the necessity for the rest of your life without working is not consumerism. But for amount beyond that, it is kind of a choice of consumerism now or consumerism later. Vast majority of Americans have not clear the benchmark for the latter though.
People reallly don't understand that everything is routed to the time in our lives. Everything is expensive because the expense in some way or for is our time! Time that you have to work for money or work to fix whatever situation you've put yourself in. I'd rather spend the least amount of time possible to work on myself so i can have the most amount of time enjoying my life!
to me, building wealth is making sure I'm taking care of senior Kelly. our health is not certain - our future government benefits aren't certain. I don't want to be a burden on my family. but I also want to have a rich retirement where I travel & have a nice home! so now, it's a requirement to have a low time preference and put money away. I'm also in the investment management industry, so it would be bad to talk the talk and not walk the walk lol.
I don't work to spend comfortably. I work to LIVE comfortably. To not have anxiety about not meeting my needs or reaching my goals. If you have to spend to feel comfortable that is a problem. You are using spending as a coping mechanism. And it will only lead to more anxiety down the line.
This is a famous quote from the book, "As a Man Thinketh" by James Allen, published in 1903. 'Men are anxious to improve their circumstances, but they are unwilling to improve themselves; they therefore remain bound.
I used to joke that imma work till im dead. It finally hit me that it night happen and i dont want that. I am trying to spend less and save more and i have an emergency fund now. For me the biggest thing outside of save for retirement is it's not losing sleep over what the next emergency is going to break me. Have an emergency fund. If you don't have an emergency fund, you shouldn't be wasteful with money. Save a little bit so the next emergency doesn't mean you won't make rent
Most people only see the spending side of wealth, not the planning, investing, or the patience it takes to get there. Wealth is about making money work for you and gaining more free time.
I’m all for investing but because medical insurance is tied to work I will always work if I can. Because I have so many medical diagnoses. Even if I have millions in the bank I will still have to work.
Yesssss I love this video! It was a great reminder lol. Sometimes I’ll be on track and then I’ll fall back off. Lmao I appreciate the hard reset. It was needed 🤣👏🏾🙏🏾
Thank you for making the video. Some people like that commenter, just dont get it. Our main problem is overspending. People need to learn to control their spending habits.
I think you need to keep a balance between spending now and later. E.g. starting to travel once you're retired: depending on the seats, travelling tourist class for several hours isn't very comfortable 😮
I don't need things. Things stress me out. I live very minimal. I'm not frugal, because when I go to the groceries, I get what I want. It compensates for the things I don't need, even though I did buy 2 pair of high-street cargo pants at Nordstrom for $550. Just know, I don't over spend. I can pay for these cargo pants in full once I receive the bill.
What’s the point of building wealth? Baby… spend some time around sixty year olds who still have to work full time and are terrified of becoming too ill to support themselves. You’ll know why you need to have a nest egg then. 😢 I’m sure you’ll explain it much more eloquently than I, so time to watch the rest of the video but I had to react to that initial comment.
Exactly this. I don't want to work until my life subscription ends. Retirement money is not gonna come from spending everything in your youth and scrambling three years before retirement.
I budget but just spend anyway. Some ppl are okay with just living and not having more than they need and I think that's okay. Sometimes it is not straight forward to invest in yourself. I'm my case, what business would I start that can be profitable? I wouldn't even know where to begin. How do you suggest investing to yourself?
I get this I do. But this idea that we have to constantly work to build wealth just so we can *maybe* one day have some freedom with our lives isn’t an issue of personal willpower. This is an unfettered capitalism problem. The issue is our governments abandoning all social programs. I get that we feel like we can’t do anything about that so we have to play the game to secure ourselves and fuck everyone else. But I believe that preaching wealth building HAS to come with a consistent and harsh critique of the systems we live under and the objective barriers that a lot of people (especially disabled people) face towards even getting a chance to do this wealth building.
I will probably have to work when I am 60 and retire when I am 70. I came to the US from a 3rd world country and just recently started making better money, before it was just enough to buy food and rent. Now I am doing 401k and savings, I am almost 40. Also just now had my baby. I wanted to be a mom forever but it happened now. I am an accountant and going to work for the Govt so I could potentially retire one day. I don't travel and my car is old AF.
Do you work to spend money comfortably? Do you think that you should invest into your future or is it a waste of time?
I'd like to invest in my future. It's not a waste of time at all, ever! I just started my life over. Got a mortgage refinanced into my own name and am paying my debts down!!! I watch you to stay on track!
invest in my future 100%!
Everything I do is for my future. Sacrificing now to enjoy the rewards later!!
8% pre-tax to my pension, 10% pre-tax to my 403b - I never even see that money! Post-tax I do 10% to my roth IRA and another 10% to emergency savings. By the time I get to my guilt free money, believe me girl I am GUILT, FREE to spend that bag 😂 I just love your content, especially the critical and ethical lens you apply to social media trends. It just hits right in a world gone wrong.
Invest in your future, but make a living will/trust in case you suddenly die so the government doesn't just get all your hard earned savings. Have secret beneficiaries, maybe a lot of them so the pile/estate is spread out.
Oughta rename this channel to Sanity with Symone. I come here for a dose of rational and realness. 😌✨
Yesss
Yes she be reading me down. I need it though!
SAME
❤ 💯
👏🏿 👏🏿 👏🏿
The people that complain about these videos are the people that think that they will be forever young…. And will always be healthy to work for that paycheck ….
Or they’re hoping they gonna die young and not worry about retirement
I’ll just self delete once my body starts to decline. No reason to stick around anymore anyways.
@@coolandclassic7717that’s the thing- modern medicine can keep you alive these days, but it’s VERY expensive to be sick or disabled. Never mind the emotional toil it’s takes on you and your loved ones.
@@coolandclassic7717 Basically me
I’m young and hope to be healthy forever but I don’t want to have to work - I want to eventually have the choice to opt out.
The car comments in the video are so spot on. I decided to trade a car in for one that was better suited for that time in my life. I was financing it (with the goal to pay off early, which I did) so they ran a credit check. The salesman said to my husband at one point "wow, she could buy any car on the lot". Yeah, I could. But that would just have been stupid. A car is a means to an end, transportation, that's all. The $30,000 or under car is going to do the same task that the $60,000 or more car does. Quit using it to flex. You're being stupid if you use your car for status. No one cares.
Wealth to me is being able to choose what I do on a daily basis without being required to work ever again. If I chose not to work, I wouldn't have any of my possessions taken from me. That's true freedom. That's why you build wealth.
And to pay for medical expenses
100% agree
In Canada that's the definition of social assistance.
@@PJSparkles100this. Like the reason we have to do all this shit is because our governments failed us. What about the people who can’t grind right now to hope to maybe have freedom later? This mindset abandons so many people
Yes the commenter obviously plans to work until they die, it’s sad they don’t research and figure out that there’s other options out there
As someone who is nearing a somewhat early retirement, I cannot stress it enough. Please please please start saving even the smallest amount towards retiring!!!!!! That money, no matter how small, grows with time. The more time, the more massive it grows. So please please please live a bit below your means if possible. Make it a habit to put even a few dollars aside in savings. Don't touch it. I am a type of tired I can never explain. But when you get here, you know it. You feel it.
❤I spend comfortably when I do a budget. I have a 10% of what I make for myself on anything I want. I have the golden rule “ respect the budget” I don’t go over my budget. This way I can feel balance with my money and I don’t feel strict since growing up I heard “no”
Facts, the budget is like permission to spend responsibly.
Yes! That, to me, is COMFORTABLE! Things are not comfortable. They are things. They are money out the door and often that means stress. Budget = peace of mind!
RESPECT THE BUDGET!!!
Dang, I’m 58 years old and I sure wish I had seen this video when I was 25. I’m doing just fine thank you very much, but it could’ve been quite a bit better. If I had had a lessons that you are sharing here in front of me back at that time. Every small step you take when you’re 20 and 30 turns into big rewards when you are 50, 60 and 70 years old so thank you for your wisdom and I love your channel!
I’m so happy people my age and younger have your mindset! Your content is for everyone and that’s ok. People who make comments like that feel defeated. It’s not that you don’t make sense, it’s that they don’t believe it’s possible for them. I just turned 35 and I’ve definitely learned from my parent’s mistakes. In their 60s and still HAVE to work 😢. I want to retire in my 50s God willing
thank you I appreciate your love and support. The reason I say I don’t make my content for rich people is because rich people already know this information. they raised their children to know this information, have wealth and keep it going. The average person that I run into struggles with the most basic of things like a budget or investing. But I am thankful for anyone in any financial situation that supports me and gives me a listening ear 💗
I feel like I'm the only one in my social circle with this mindset, and I've given up on talking about this stuff with my friends, I just know it's not going to cause them to turn a leaf. Changing that consumerist mindset, I feel like, is something you have to realize yourself. Living *well* below my means is more and more becoming my M.O.
“I’m not talking to rich people” 😂😂 👏🏼
I agree with you sis 100 percent 👏 💯 having money for the future makes you feeling secure and less anxiety
people who say “ oh I could die tomorrow that’s why I buy what I want “ are crazy cause like you said people are living longer and there’s a rare chance that you aren’t going to live for a long time so why would you not take the chance to prepare for that. If you die you won’t know that you missed out on fun temporary soooo 😭😭😭 and I never had that mindset but omg I used to spend my money so recklessly but I also had the nerve to say I wanted to retire comfortably one day. I’m 22 and I’m so grateful that God showed me your page along with others that taught me financial literacy because I now have refocused my priorities and it’s completely changing my life. I feel ahead of the curve and like I said I’m so grateful because I know that’s not the case for everyone I know.
Symone, your videos help me see that I do not “need to keep up with the Jetson’s.” Compared to some people, I have like $3,000 worth of debit to pay off. I couldn’t imagine having more debt 💸
Just joined the Financial Independence Retire Early (FIRE) movement and plan to retire at 50. I wish I had invested more in my 20s and 30s and spent less time trying to ‘climb the corporate ladder’.
You got this! Just stick to the plan and put as much money as you can into it! ❤️
@@SocialSymone Thx hun. Keep doing what you’re doing with your channel!
One of the most beautiful feelings in life is being able to afford everything you need in life. I have tasted what it means to be b r o ke and I can tell it’s not something you wish for anyone. Thanks to Larysa Caba, I don’t have to experience that kind of life anymore. I’m grateful and I will always be.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
I will like to knw mre
Without a budget, "spending comfortably" = spending ignorantly.
I seen videos where it’s like “budget with me” or “calculating my quarterly networth” I would like to see videos like that with you if you were comfortable with it
I’m building wealth, so I can go about my days without worrying about the next bill coming out of my account, or if I’ll be able to afford my medication next month, and to retire at a reasonable age, not have to keep working well into my 70s like many others in this country!
The person asking the question is missing the point imo. For me, the point of building wealth is to have the peace of mind that I have money for what I need and then some. It’s not about being anti-consumption or anti-consumerism; it’s about not having to stress about overdrafting or hitting your credit limit. It’s about being able to grab a few things that weren’t on your shopping list without having to cut back somewhere else. Being frugal and financially savvy can absolutely fit into an anti-consumption lifestyle, but they aren’t intrinsically linked.
I totally agree! To me is not anti-consumerism, but pro-mental health
Your channel is so inspirational. After watching a few of them starting last month, I put myself on a no spend challenge. 23 days and going strong. My biggest weakness is Amazon, so I went ahead and put Prime on hold and haven’t made a single purchase since. I’m actually trying to eliminate most if not all online shopping because I find it too easy to overspend versus getting up, getting dressed, and going into a brick and mortar building. I’ve also scheduled a meeting with a financial planner to supplement and buffer my already existing retirement fund.
Thank you for being a voice of reason. People always talk about how hard they have it but dont want to change to make it better
Nah for real, this this the biggest thing with me, when you said “I don’t want to have to figure it out at 40” it hit me deep because that’s exactly how I think. I am not gonna be 40 years old and I have to legitimately worry about money. A lot of people I know at my age are always on vacations and always eating out at restaurants all the time and that’s not what I’m doing. I have a good job now that treats me right and pays me decently, so instead of doing all that stuff all the time, I invest in my future. At this point, no I’m not rich or nothing yet, but one thing I do know is I can live life somewhat carefree with a lot of stress off my shoulders because I know if any emergency happens to me, I can pay for it without even thinking about going into debt for it, literally whatever happens to me
I would advise you have enjoy things in moderation. Travelling or other things aren’t inherently bad it’s just doing that without having invested or saved.
@@Coastpsych_fi99 trust me I have done plenty of fun things and have traveled a bunch, but not without saving and investing in myself first
Spending mindlessly for the dopamine hit is pointless but I get why people do it when we know to retire in the traditional sense takes saving a huge chunk each month and it mean we sacrifice today. We are damned if we do and damned if we don’t. My plan is to work on my passion projects and build a creative side business and then work my 9-5 part time. I won’t be able to retire til 75 by the looks of things , so id rather work part time for ever than full time now and save everything in the hope I am blessed to experience those older years with good health. I wanna travel and work on my passions. I knew and know of too many people who were sick at 60 and passed away by 70… it’s made me look at things differently , I’m not prioritising too far in the future and sacrifice my present ❤
Lol people that cant invest or keep money in their pockets always find something negative to say about having Financial discipline 🙃
Spot on. I walked away from a long time friendship over this very sort of thing. Especially when they "forgot" to tell me they'd bought a new house. I know why they didn't tell me...they knew what I'd have to say about it.
@@flohough1870 exactly as soon as they get some money their gone but when them pockets low u hear where have you ben I've Ben looking for u 😭🤦🏽💯
OMG!!! Sis that pink looks SOOOOO good on you! Came here for education and gonna be leaving educated AND in love. You are stunning!
I love watching your content. I've started getting my finances in order now-got proper insurance, a savings fund, and even started saying no to going out with friends because I've already set a budget for the month.
also use bulk buying tip on staple food.
3 months ration to cut costs
Your skin though 👏🏾. It’s glowing ❤
Building wealth builds financial stability. Period.
Love love love your videos. You strike the perfect balance of being honest and firm in what you’re trying to tell people, in a frank and funny way, without the degrading or nasty condescending tone a lot of finance content seems to have. So important to have good female role models in the financial creator space.
“Why spend money tomorrow I could spend today” 🤡
I think the user that left that comment had part of the right idea but not the whole picture. Like yeah you could just skip over the saving and investing part but that’s not the point
Always love seeing an upload from you! Literally agree with everything you've said in the videos. Awesome to know there are other people out there with the same outlook, goals, and discipline. It pays off in the form of freedom!!
I wanna build wealth so one day I can take a couple years off of work to try and write a book or pursue something creative that won’t bring me an immediate financial return. Consumerism is comfort spending on little treats and conveniences that I can live without.
I have a Coworker who lives comfortably and thinks they have a great life. They are 48 with a net worth of less than 10k and have over $400k in debt. That isn't comfy to me. She also told me to use my investment account to finance a trip next year instead of saving for it.
Exactly what I mean… some people think spending comfortably and living comfortably means being in debt with no assets 😔 I hope that they are able to get things in order and change.
@@SocialSymone they just downsized their house to pay off some debt but it won't help if their behaviour doesn't change and I can't see that happening.
I think what we want to stay away from is called “conspicuous consumption.” Wealth is for afffording a home, healthcare, family needs and a stable future and generational wealth, Not a thousand Stanley cups and Hello Kitty pillows.
I’m 18 and for the past few months I’ve been watching your videos, I’ve always been financial responsible, but watching your videos helps me just a little more!
i’m all for having passive income streams but i am also worried about like super hustle culture. my job drains me so much + other stuff that i can’t really mentally afford having a second income stream. i would love to one day though if i had enough energy :’). i do put away money for retirement though and pay off high debts first plus savings accounts 😛
I am with you on this
Then, it's even more important. Later, you'll be even more tired. Time doesn't stop.
It's so annoying being friends with wealthy people they act like they have nothing but they make like 3-4 × the amount I make
I also realized that “going/being outside” all the time is a form of comfort spending. I used to always want to “be outside” and out and constantly having fun… once I realized that that was for a moment and not a lifetime I stopped a lot and scaled back on it and I’m content with it because I’m saving money and investing in my future
Investing in myself because the thought of relying on a food bank and government housing when I’m too old to work and support myself is terrifying!!
I thank my mum for my attitude towards stuff brought on credit (or 'on the knock' if you're a fellow English). Several times as a kid I heard her shut people down showing off a new BMW (etc) and say she was only impressed if they actually owned it. Renting is 'all fur hat and no draws' by her standards and like same
Consumerism is a trap for me coming from a former shopaholic, I’m trying to get into investments now. Wish I started sooner. Lmaoo seriously if you’re “rich af” keep it movin over here.
Preach!!! This is currently what I’m working on. Investing in your future is so important! Thats the true flex.
I don’t get paid a lot but I still have money going to my retirement 403b, high interest savings, and my brokerage for investment. It’s not a lot but like you said many times before, the point is that I am willing to do it. The savings and investment money alone comes from making coffee at home instead of buying it. I was shocked to see how much I was spending on Starbucks…. Decided I wanted to do more and better with that money
“I knew some mfrs with sweaters but I was two tank tops in the winter” -Theo Vaughn (on growing up in abject poverty)
Say it louder for the people in baaaack!! ❤ One of my new favorite channels as always! 🎉I’m so proud of you and all that you’re doing! “ Debt Ain’t Nothing But a NUMBERRRRRRRRRR” 😂 sorry I had to do it
Yes to all of this!!!! It will look different to everyone. Some folks may even like RV living and traveling around. It’s not a one size fits all type of deal. Time is the asset you’re after. You need the money that gives you more time to do what you WANT to do.
My wife’s job has a 401k match up to 8% and mine is the standard 3%. That 8% match is insane and we feel very lucky to have it. We are in our late 20s and I think we’re ahead of many of our friends in terms of retirement savings. This is the best decade for us to SAVE bc of compounding interest! I know times are tough for most, but if you have fun money, you have money to protect yourself later. Please try to save something!
I truly appreciate this content. It's been helping me change my mindset around finances and put that time and work in. My just be happy has screwed my finances. Thank you so much!
"our body will get old" yeaaa I'm feelin it now SpongeBob
Ha! That’s like a top 5 episode 🤣
Symone, I really needed this. I do have a problem with impulse control and feeling like I need to be able to spend comfortably to feel happy. I have a retirement and savings, but I havent been investing as much as I feel I need to be to feel secure. And I currently work a job that has a track record of not keeping its employees for long, and living off that income and paying my bills with it. I will definitely be listening to this video and thank you for your words of wisdom ❤
Definitely turned into one of my favorite channels!! Thank you so much for what you’re doing (:
. . . Spending your money means you have less money, who would've thought?
You have to start investing early so you don’t have to play catch-up later. While the people who didn’t save early scramble about their retirement you can be coasting on a nest egg
I needed this video. I was doing so good with my emergency fund and an emergency hit and i need more 😭 I gotta get back on track
Well, at least, see it that you had one!
Much better to have the fund to use than need it and not have it 😊
My wife and I love your money videos
Good question and good answer.
I love your channel and you make me improve my mindset. Buying a car nowadays is like having an adopted child because you pay for the day you trying to adopt a child , insurance, maintenance ,feeding fuel, hygiene ,transportation (road tax) , parking , and the life cycle is pretty short …. The new way is the lease car. The company pays for all of those and you pay monthly cost basically child support with a renewal new one no bad attitude as backlash 😂😂😂
Lots of broke people with high incomes!
Yes. That was surprising (*) when listening to finance guy channels like Dave and Ramit.
(*) Although I should have known better, because I met people where I think they would still spend all, even with a higher income.
I think people feel intimidated or discouraged to begin their wealth building journey because a lot of the financial content online rarely specifies that "building wealth" and "spending comfortably" are going to look completely different to different people. My idea of building wealth and spending comfortably is the completely different to my best friend's idea of those things, so the approaches and dollar amounts we need to take to get there are going to look different. I think there needs to be more conversations like this around the idea that these things are deeply individual and everyone's end goal will look different, so you need to think about what your end goal looks like so you can start working towards it. But when a lot of financial content talks about "being behind" in retirement if you didnt start until 30 and needing millions of dollars to *maybe* retire by 65, it can be easy to decide "I'll never be able to retire, so why bother?" It's not a correct way of thinking, but I can understand the self-fulfilling aspect of it.
I build wealth so that I can enjoy my life, treat others, and afford that $10,000 assisted living when I'm 85 😮💨
God. If I could build up an emergency fund without having an emergency as soon as it gets comfortable enough to start long term investing…. Just built it back up from the water leaking and now someone’s crashed into my car.
Imagine if you didn't have a fund for both issues. Now you would be in debt.
Save each month into an account you cannot easily access. The amount adds up . Especially 20 + years later.
The guy sort of have a point, but only for wealth beyond a certain level.
Building wealth up to the point of being able to afford the necessity for the rest of your life without working is not consumerism.
But for amount beyond that, it is kind of a choice of consumerism now or consumerism later.
Vast majority of Americans have not clear the benchmark for the latter though.
Side note: I LOVE THAT PAINTING IN THE BACK 😍
@Social Symone
Our financial Queen has posted! ☺👑
I laughed out loud at and then you wither away and you're back with the Lord 🤣
😂😂😂
People reallly don't understand that everything is routed to the time in our lives. Everything is expensive because the expense in some way or for is our time! Time that you have to work for money or work to fix whatever situation you've put yourself in. I'd rather spend the least amount of time possible to work on myself so i can have the most amount of time enjoying my life!
You pop up in my feed. Now..Im putting this video link in the family group chat.
Symone, I know you like a brokerage account.
You should also look into investing into a Fixed Index Annuity.
to me, building wealth is making sure I'm taking care of senior Kelly. our health is not certain - our future government benefits aren't certain. I don't want to be a burden on my family. but I also want to have a rich retirement where I travel & have a nice home! so now, it's a requirement to have a low time preference and put money away. I'm also in the investment management industry, so it would be bad to talk the talk and not walk the walk lol.
I don't work to spend comfortably. I work to LIVE comfortably. To not have anxiety about not meeting my needs or reaching my goals.
If you have to spend to feel comfortable that is a problem. You are using spending as a coping mechanism. And it will only lead to more anxiety down the line.
Thank you for this video! IYou have inspired me to reevaluate my financial priorities! Thank you! 💖
This is a famous quote from the book, "As a Man Thinketh" by James Allen, published in 1903. 'Men are anxious to improve their circumstances, but they are unwilling to improve themselves; they therefore remain bound.
Super early, can’t wait to watch
@@Kitty.Nocturne you are super early oh my gosh 💕💕💕
Your skin is flawless bro
I used to joke that imma work till im dead. It finally hit me that it night happen and i dont want that. I am trying to spend less and save more and i have an emergency fund now.
For me the biggest thing outside of save for retirement is it's not losing sleep over what the next emergency is going to break me. Have an emergency fund. If you don't have an emergency fund, you shouldn't be wasteful with money. Save a little bit so the next emergency doesn't mean you won't make rent
Cause medical food and housing dont pay themselves
Most people only see the spending side of wealth, not the planning, investing, or the patience it takes to get there. Wealth is about making money work for you and gaining more free time.
you build wealth so you can afford to eat and pay your bills. How is that so hard for this person to understand? lol
I’m all for investing but because medical insurance is tied to work I will always work if I can. Because I have so many medical diagnoses. Even if I have millions in the bank I will still have to work.
Yesssss I love this video! It was a great reminder lol. Sometimes I’ll be on track and then I’ll fall back off. Lmao I appreciate the hard reset. It was needed 🤣👏🏾🙏🏾
The title made me laugh bc in my head I’m like ‘comfort spending?? How can you even be comfortable spending when you broke??’ lol.
Thank you for making the video. Some people like that commenter, just dont get it. Our main problem is overspending. People need to learn to control their spending habits.
I would totally watch you reacting to every caleb hammer financial audit
I think you need to keep a balance between spending now and later.
E.g. starting to travel once you're retired: depending on the seats, travelling tourist class for several hours isn't very comfortable 😮
Thank you for this!
I build wealth so my family is taken care of.
Watching bc I saw the word rat in the title (btw it was a mouse in the the thumbnail)
I don't need things. Things stress me out. I live very minimal. I'm not frugal, because when I go to the groceries, I get what I want. It compensates for the things I don't need, even though I did buy 2 pair of high-street cargo pants at Nordstrom for $550. Just know, I don't over spend. I can pay for these cargo pants in full once I receive the bill.
This is inspiring tbh
Definitely agree with everything you said!!
"Thing is if you're not building a future, that's because you don't believe there is a future. You've given up on yourself."
What’s the point of building wealth? Baby… spend some time around sixty year olds who still have to work full time and are terrified of becoming too ill to support themselves. You’ll know why you need to have a nest egg then. 😢 I’m sure you’ll explain it much more eloquently than I, so time to watch the rest of the video but I had to react to that initial comment.
I know some too! They don’t WANT to work. They HAVE to! Well said friend!!! ❤️
Exactly this. I don't want to work until my life subscription ends. Retirement money is not gonna come from spending everything in your youth and scrambling three years before retirement.
@@hope3290 Mmhmm, and I’m ready to retire YESTERDAY lol, and I’m only 30. 😂
I budget but just spend anyway. Some ppl are okay with just living and not having more than they need and I think that's okay. Sometimes it is not straight forward to invest in yourself. I'm my case, what business would I start that can be profitable? I wouldn't even know where to begin. How do you suggest investing to yourself?
I get this I do. But this idea that we have to constantly work to build wealth just so we can *maybe* one day have some freedom with our lives isn’t an issue of personal willpower. This is an unfettered capitalism problem. The issue is our governments abandoning all social programs. I get that we feel like we can’t do anything about that so we have to play the game to secure ourselves and fuck everyone else. But I believe that preaching wealth building HAS to come with a consistent and harsh critique of the systems we live under and the objective barriers that a lot of people (especially disabled people) face towards even getting a chance to do this wealth building.
How do I send your entire channel to a friend without her feeling called out? Lmaooo help me girl
put me in the group chat, then she'll think you are just putting everybody on 😘
@@SocialSymone hahahaha I love it. You’re awesome girl, keep up the good work! I’ll figure something out 😂😂😂
60 is not old. I know a lot of sixty year olds working, it keeps them young and active. Me included 😊❤️😃
I will probably have to work when I am 60 and retire when I am 70. I came to the US from a 3rd world country and just recently started making better money, before it was just enough to buy food and rent. Now I am doing 401k and savings, I am almost 40. Also just now had my baby. I wanted to be a mom forever but it happened now. I am an accountant and going to work for the Govt so I could potentially retire one day. I don't travel and my car is old AF.
Trips feed the soul