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Hi Nicole, I’m a seventy one year old Englishman and I want to thank you for your ultra grounded common sense videos. The first one I ever saw was the one where you started buying and selling with the guitar. I have just watched this one and you have totally confirmed all my conclusions about the pluses and minuses of u tube . There are so many lazy people in this world who will not put effort into thinking about and researching things . They are all around us . I wish you lived near me as I think we would be good pals , however the Atlantic is very wide and a bit wet!! Very best wishes for the future and I will continue to watch your channel with interest. Regards , Richard .
During the pandemic, after being laid off, I started a non toxic housekeeping business. Start up cost was extremely low now, nearly 5 years later my business brings in 6 figures. If it wasn’t for the pandemic and desperation I would still be doing a 9-5 instead of working 20 hours a week.
Exactly, they are smart cause in their head it clicked just like all the other scamers thru history, "what's gona make me money is convincing them they can make money from it", sadly now I feel the lie has exponentially increased cause of social media and what not
Exactly. The finance “gurus” have it so easy these days to separate people from their money. Back in the 70’s, they had to put on big seminars in hotel ballrooms often in different cities to tell people about the “secret” to make big money, usually in real estate. After a big presentation that consisted of bragging about how much money they were making flipping houses, they would tell the audience that they needed to buy their book or sign up for advanced courses to actually learn the “secret”. Now they just do the same thing with a lot less works through social media.
I call this the Ramsey effect….. He tells people how to get out of debt, and he’s right. But then he tells people how to maintain or get ahead and it is nothing like the way he did it. He makes his millions, tens of millions, hundreds of millions off of the advice he dolls out (book sales included) and the insurance financial guru institutions he has set up. So, as I tell people who are in severe debt, use Dave Ramsey to get out of debt, but don’t use him to get wealthy.
It's true of pretty much all the major names in financial education because the reality is a lot harder and can't always guarantee success. Nobody will ever get ahead if they don't have at least some disposable income that they can apply towards savings and investment activities. If you're working a minimum wage job where all of your money is already going to things that can't be cut, then you're never going to get anywhere, and thanks to changes in the economy, that is a thing that does happen. When most people have issues related to savings and the like, you do have to question to what extent you can really blame those folks for the situation they're in. And most of the advice that I see being handed out is just inappropriate to people who have real problems with finances. Most of it is like typical organizing books that are geared to people that fundamentally don't have a problem, they just don't know what to do. Definitely not people with real problems that need real solutions.
Disagree cause he's helped so many people including my own parents. They followed his advice and got through it. It's not easy but it's the mindset and strategies to get through it. One thing I will say, I think for people who are in severe debt. Bankruptcy might be your option. Dave filled it himself. So he's no better than it.
Ramsey is very clear that you don't get to his level of wealth by following the baby steps alone. They're not meant to make you a deca-millionaire or help you to retire early, simply for you to use your money wisely (and biblically) so you don't need to worry about finances for the rest of your life
Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $869K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Expert Shellane Maxwell can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
New survey has revealed rising adoption of cryptocurrency among the world billionaires, as they start experimenting in the digital currency, expanding their investments portfolio beyond traditional profitable assets.
How would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
I just accept that my finger is not on the pulse. By the time I hear about any stock it's probably already peaked and someone else has already made the big gains.
your comment @9:41, “they didn’t get rich from following their own advice, they got rich from giving you advise they don’t follow.” is right on the money (pun) 😂😂😂😂😂 ….and this same phenomenon occurred in the 80’s and 90’s, when a ton of self-help books and TV shows exploded but did not make everyone healthier, better looking, and or wealthier
absolutely right! people don't realize that if something is too good to be true, then it probably is. as george carlin said: it's a big club and you are ain't in it! they won't tell you their secrets about getting rich (they want more money, not competition). also, egocentric bias: many rich people born into a rich famility/grew up in a wealthy city/hand entrepreneur parents to learn from/had barely any commitments (groceries, looking after kid/parents, commuting, etc) so they had enough time to invest it into a business. all of them forget about the "yeah, my parents gave me a couple grands to start stuff" thing.
The same can be said for the OG gurus like Kiyosaki and Ramsey...they just came came along before the internet. Telling people how to get rich was always very lucrative . It's nothing new at all.
I appreciate your integrity. The stuff you talk about here is also rampant in the fitness TH-cam arena. clickbait, selling BS supplements, hawking total garbage concepts as "science" and on and on it goes.
I just wish the people who need to hear your message would hear and believe it. Sadly there are too many people not willing or able to think for themselves who can't identify when they are being lied to. Thanks for trying to spread truth.
As a 43 yr I sometimes feel terrible for the generation now entering the work force, housing market etc But after watching videos like Nicole’s it relieves me that they have access to content like this. Navigating what advice to follow is the hard part tho Thanks Nicole for your content that you share with the world. It must be extraordinarily satisfying to do what you do
You're suggesting that access to basic financial knowledge on TH-cam (it was always at the library for free) somehow makes up for living in this exploitative swindle economy with ever accelerating income inequality? Wow.
The adage of "if it sounds too good to be true it is" is the best rule of life. Yes owning a business is great but like you said its a lot of work. Even if you are successful, and have employees doing your meanial work for you you are still working 24hrs a day doing financials and growing your business. Most businesses fail, in the first year or two, the next failure is around 5-7 years after it becomes realatively stable because the owner thinks thy are richer than they are and starts living beyond their means. Buying a over price car a boat and all the toys they always wanted or think that they missed out on. The focus becomes having a goodtime rather than keeping focused on the business. Most independant business people dont realize is that all they have done is bought themselves a job, and keeping the extra mouths from the feed trough is the only way you make money, and if you do make a scaleable jump to the next level sometimes the investment in time & money is not worth it. For the average person being employed by someone else is a better and safer place for them.
I stay subscribed and keep watching you because you seem basically honest and above-board and because I find myself in agreement with you more than 90% of the time. I wish more channels on TH-cam had your level of transparency and frankness.
I heard some where that if I leave a comment with seven or eight words, it will help with the algorithm for your channel. Well then here you go kiddo. I think your a smart young woman and I would be proud if my daughter had your critical thinking skills.
I love my daily dose of reality on sundays Nicole ! ❤ I don’t know how to explain but it keeps me sane knowing that there are other people seeing through the “scam” of it all.
Very good episode Nicole ! I’m with you on this subject and I really appreciate your honesty and integrity! Keep up your good works ! Seeing that 4K views in only 3 hrs after releasing this video… I’m definitely not the only one !
You're right, I've been watching financial channels almost 4 years now. By now I think I've heard it all, I am listening and watching to all these financial channels all day long m every single day because it keeps me frugal and keep me stay on my target to my goals. Now I am crazy of saving, before this I spend more than I make. Before no saving, not investing and living paycheck to paycheck. Now my life has changed completely due to all these financial channels. Thank you TH-cam and TH-camrs.
Best video I've seen today - Yup, I'm a 40 hour a week 'Slave to the dollar', but I save 50% or better of my weekly pay, because I live WAY under my means. - I transfer some of my savings into gold & silver (goes up when the dollar goes down... as its been doing lately) - I'm secure in knowing if a flat tire, tree limb crashes through the roof, or plumbing goes to hell, I can make it through it - THAT is the best security of all. Cheers !
I was having a lousy morning, then I realized it's Sunday so it's a Nicole day! Day instantly got better. So many people are so full of it. You are a breath of fresh and honest air.
The more a you tubers content becomes highly produced and they start selling their own courses and products is when I bow out. Caleb hammer is an example. So many videos are just mirroring each other. The more authentic a TH-camr is the more they stay fresh.
That’s very true. Have you also noticed with any type of content generally speaking they all tend to share the same opinions as one another? It’s almost like sometimes there’s secret cults going on when there’s narratives to fill just so they don’t get demonetized or face a whole bunch of scrutiny.
Another thing that was missed is about the rental real estate gurus, they will never share their true P&L statements. Many are at max money, 90 days from their financed kingdom from crashing down around them. You have to have a large cash cushion to be able to survive the ebb and flow rental income has. Yes, one can get very wealthy, but most do not.
In fairness, the Chinese economy will likely fail at some point, possibly in the distant future, and that will happen by the end of some week. So it sounds like they got everything right except the exact week it will happen! /sarc
This video highlights what many content providers and their sponsor rely on…a parasocial relationships with their followers to push their stuff. It is very effective! Many subscribers develop a trust and an asymmetrical intimacy with the people they like and follow and may even view them as a bit of a celebrity…while on the other hand, content providers have no idea who you are because they are talking to a lens every week. This asymmetrical relationship can be very dangerous when misused to peddle crap…i.e. subscriptions that can’t be cancelled, making money and real estate scams, etc. I recommend you never believe any offers presented by any content provider…and if any content provider is just working too hard to sell you stuff… this should raise a yellow flag…just my opinion…be safe.
I’ve noticed many examples that you kind of brought up where because some of their brands are tied to their ‘frugality’ or minimalism they’ll find reasons and excuses to finesse the system. “I bought this super expensive sports car because it will appreciate in value so it’s actually an asset” and “it was better buying the mini McMansion compared to the normal house because it’s more attractive to sell in the future” are examples. Like just be honest - “I got filthy rich peddling sh$t to my viewers and I’m going to spend it however I want”
I will push back a little and say that just because you’re into minimalism or frugality or whatever doesn’t mean you can’t splurge on nice things that are important to you. In fact, that is the very essence of minimalism- prioritizing the things that make you happiest. Less but better. And people on internet can be insanely dogmatic and critical towards strangers who they feel aren’t making the decisions they agree with. But truly, no one owes others an explanation for the personal choices they make. However, when it comes down to exploiting your audience to get those things, I do agree with you.
@ I understand what you’re saying and I suppose the specific examples I’m thinking of are because those particular TH-camrs literally built their brands off a frugality of you should spend only what you must for necessity - almost a race to the bottom, until they made money and all of a sudden that got pushed to the side. It showed it was more a marketing ploy due to the popularity at the time of those topics
Or maybe they used frugality when their circumstances required them to and it paid off, and now they can live a little better. If they made a bunch of money and continued to act like they were broke for clicks, that would garner criticism too. You’re damned if you do, and damned if you don’t in the court of public opinion.
@brandonb7120: A true asset puts money in your pocket. Liabilities take money from your pocket. The super expensive sports car you bought became a liability when you paid for it. Liabilities take money from your pocket. The car doesn't provide any income stream as a true asset should, If you drive it you'll incur more costs. Plates, registration, insurance and maintenance. While in may increase in value over time you"ll still have to find a buyer to realize any profit, Will your profit exceed the rate of inflation?
@@AccordingtoNicole Well no people who explain their thinking and also admit their luck are more likely going to explain away some of their issues.... IF I say well yeah frugal made this or that more likely and faster but the real reason was math and conditions... I am admitting decisions only factored into outcome and they by themselves are not the only reason why.... It just seems easier to explain stuff etc....
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God is the Greatest, 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.
she only charges 15% commission from the overall profit generated. I just cashed out $26,590 this morning with an investment of $4,500. I think I'll be hitting millions soon
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸 🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
first seen it when people were selling ebooks on ebay about how to get rich by making an ebook haha. people have been getting rich by telling other people how to get rich as long as i can remember.
Another great video. I like the fact that you use scenes from The Simpsons to illustrate your points. You could have used the one about Krusty the Clown's Percodan addiction. "I blame my Percodan addiction. And now a word from our sponsor, Percodan. Oh, crap." Classic!
Nicole you're so right. Remember as you succeed you will be the target. It's more about the journey and less about the goal. So if you spend 40 years to make 10 million dollars then what? You're at the end of your life with 10 million dollars. I think the trick is to have many goals. Everything in moderation. Each goal should be positive like a bucket list. Positive experiences. Bottom line you should spend less than you make adding to your financial success by default.
Pam here…I parted ways with a lot of YT channels that were turning into drama queens and slick bait creeps. I really like your clearheaded ‘get real’ content. All stuff I wish was taught when I was a kid. Trying to unwind bad choices, bad habits and worse advice when your 60plus already is depressing.
Thanks for the honesty. There is way too little of that in the world today. And thank you for defending freedom of enterprise. The world needs more of that, too.
@@Artzlady Scientology was making millions for a long time before it became tax exempt. Religion makes money by selling a product that doesn’t exist. The hard part is convincing people it’s real. Once you’re over that hump, it’s margarita time on the beach!
Well stated on all fronts. The bros be bro-ing. The point about thumbnails is true too. For decades, legacy and local news people alike lived by the slogan "If it bleeds, it leads." They have to be sensational and out there to get attention, and since humans have a natural negativity bias, stories about crime and death will get more air time than positive news about great things happening around the world. What I love about TFD is that Chelsea talks about not just basic financial advice. She's open about what go her out of financial hardship (having a loving husband with a good job that had health insurance) and about how the current systems screws everyone. She talks about scams and politics and consumerism and how all of those things really work to our detriment under capitalism.
Lol, love this! Happy to support you, Nicole. Keep up the great vids so I can continue watching them, some of them more than once, occasionally sharing them, so you make more $$$ (ya!!!). Plus, until recently, it hadn't dawned on me that sponsors provide their wares gratis in exchange for ads, naive me!🤣 Hence, I can also appreciate your standards for sponsors and be influenced accordingly.
Thank you for the honest talk and showing real numbers of what people do. I have had many businesses, I have always suggested to people since the late 80's that you need to start a business. Your expenses can become deductions. without a business, they will never be a deduction. Milage varies but it is worth looking into it.
Excellent. As a past entrepreneur I can attest to the hard work and risk. Having dependable employees, helps. But there are always issues finding the good help. Like anything in life, it takes maintenance.
Hi Nicole! I just wanted to say how much I truly appreciate your videos-they're always so informative and inspiring and I’m so grateful for all the value you share with us! 🙏🏼 I was wondering if you might consider making a video about your TH-cam journey and how you grew your channel. It’s so impressive to see what you’ve built, and as someone who’s just started my own TH-cam channel, I’d love to learn from your experiences. Hearing about how you managed to grow your channel as a side hustle and any tips you might have would be amazing! Thanks so much for all that you do-you’re such an inspiration! ❤
Really enjoy your channel. IMO start your own business is the same kind of advice as never rent, always own your own home. It's great for some. However, it may be the reason that MLMs suck so many people in. People are told that being their own boss is the way to get ahead.
Obviously, the personal-finance story of any personal-finance youtuber that you've heard of is going to have involved making a good amount of money from youtube. But that doesn't mean that the only route to early financial independence is by setting up a business. It's very possible to reach financial independence in your 40s (and maybe even your late 30s) by saving and investing money you earn at a regular job. It's just that you need to choose a lifestyle for yourself that's significantly more modest than what you can maximally afford. (And really, isn't "set up your life so that you're not spending all your money" the central tenet of personal finance success, full stop, no matter where that money is coming from?)
I love your channel because you make videos that are diversified. I love influencers who can give good advice or pep talks about many topics. You are doing great and will meet you goals with your integrity intact. Thank you!
I guess that I was/am one of the lucky people who had a career that I absolutely loved, at least 90% of the time. It was motivating, satisfying and challenging. So, no motivation to move. BUt, for the many people who work in jobs that are not these things, then I agree with you. Look elsewhere---NOW. I find it amazing how many people are in very unsatisfying jobs that they hate and yet hey just stay there and get progressively more unhappy!!
When people say that income producing real estate is a great investment, it's not technically an investment. It's a business using property as the vehicle. You can't just write a check and collect monthly income. You have to actively manage the properties, marketing, tenant communications, and repairs.
Yes, most people are better off buying into well-managed REITs if they want real estate exposure. Owning properties can easily be an entire job, and you may well get stuck showing up in the middle of the night to deal with problems that arise.
That's why I was such a fan of the early fire movement, like early retirement extreme and mr money mustache. Sure you could argue their blogs ended up paying their bills, but they did offer some solidly good advice on retiring in 10-15 years. They had no profit incentive other than to spread the word.
Luv the sincerity of this info.. thank U n appreciate U for ur honesty.. it takes a special person to stand up n speak the truth.. I resonate with U… I don’t entertain peoples videos that promote more then Reality.. the nonsense level is insane n tiring🤦🏻♀️🤦🏻♀️🤦🏻♀️🤦🏻♀️🤦🏻♀️ Finally someone worth listening to.. thank U🙏🏼🌹
I find this also with most "health food" TH-camrs - they spout twaddle that is not at all supported by evidence, but they continue to churn out content. Oh, yes, they may have began with a valid point, but as they continue.... it's unsupported.
This reminded me the analogy of gold rush. Its often not the gold miners that makes the money from a gold vein discovery, but the merchants who sell the tools and supplies during the gold rush hype itself. Edit: of course when I made this comment I didn't finish watching the video, just for a min later for Nicole made the exact same analogy at 9:45, lol.
Best way to get rich is to rip someone off. Starting a business is good, but only if you can sell overpriced products and services. You don't need millions of subs, you need to find some whales who are willing to buy a $1000 course from you, and that course is just info that anyone can find for free. You can mow someone's lawn, but charge $400 -- or pay an employee $20 to mow the lawn, and pocket the $380.
The videos which start with - they don’t want you to know blah, blah, blah - get on my last nerve. I wish TH-cam would throw in a warning of ‘caution, con artist ahead’ with this lame catchphrase.
You can do like I do with that sort of stuff and just use the option to remove the channel from your recommendations. If enough people do that, the behavior will stop before too long.
''If I gave you everything I owned and asked for nothing in return, would you do the same as I would for you?'' Said by musician Steve Winwood in 1971 from his song The Low Spark of High Heeled Boys. Steve Winwood has a high I Q and it's an intriguing question.
I am a diesel mechanic in Northern Ontario. I still believe that the dream of wealth is still alive. I work seven days on seven days off. I have time for myself. I make 150k in a low costs of living area. We are hurting for guys so mining is the land of opportunity.
Your kind of plan is what made my former next door neighbor a millionaire. He was a heavy equipment mechanic, worked as a fleet mechanic for a large corporation, declined going into their management, earned lots of overtime, saved for a house, then a much bigger, better house in the country. For that bigger house he studied for and obtained a general contractor's license, and contracted out the construction of it. In retirement he enjoys himself. He never had expensive hobbies or toys, such as boats, gambling, etc. A very admirable guy who at times will help his neighbors with their house/yard problems and still visits a nursing home.
TH-camr posted a phone number in a comment, I called, and he talked me into trading and invested 4000. I don't know how to get my money back. He wanted me to open a cash app to send money to a foreign country. After that, I stopped sending him money. They are both popular on youtube they both are in the United States. .
Probably wasn’t actually the TH-camr. Imposter scammers infiltrate the comments all time. They take my picture and make a user name similar to my mine and pose as me to try to scam people. I delete them as I see them, but it rampant across every TH-cam channel.
Oh noooo! On the day I subscribe to your channel you segue into a sponsored segment with no warning. I like your channel because you seem like a straightforward person, no BS. Please be upfront about sponsorships, none of this sneaky disguising the intro to a sponsored segment as legit content.
Paul Harvey was a master at that. Get into the commercial before you know you are in a commercial. Nothing wrong with that, much more creative then "back after this" :)
in the 80's and 90's there was the Penny Pincher news letter. it talked about cutting your chicken in half for dinner and other stupid " savings". When you turn the newsletter over it said. Penny Pincher INC. on the back!!!!! THAT was the answer. Not using coffee grinds twice, start a business!
So, you were actually telling me to not to invest, have no budget, gamble recklessly and go into high interest debt? Jokes aside ever since Robert Kiyosaki became famous for shilling MLMs and terrible advice it's been known that one shouldn't listen to get rich quick gurus.
Fundamentally, people misunderstand what budgets are for and have unrealistic expectations. A budget is just a plan for where we want/need the money to go to be on the path to where we want to go. As long as the essentials like food, clothing, shelter and whatever obligations are covered, the rest of it is largely optional. I get a little bit tired about people complaining about living paycheck to paycheck when they have the money to cover all of their bills. If that's the case, then living paycheck to paycheck is effectively the result of poor cash management strategies. Simply just setting a side some of the money to cover an essential bill each paycheck until you're a month ahead and then do it again until you have all of your essential bills covered will eventually get there. However, if all the extra you can clear up is a few dollars, it might as well be impossible due to the amount of self-control and discipline that takes.
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It's TEMU 😂😂😂😂😂😂😂😂
Are you also not selling?? not saying what they do is corrrect. but, you also seem to do the same.
This was a good video Nicole. You are right about YT; it is basically a way to make money off of infomercials for your business.
@@ellamaykuppai4807 But she's selling something that she uses herself not lecturing about, that's a huge difference
Hi Nicole, I’m a seventy one year old Englishman and I want to thank you for your ultra grounded common sense videos. The first one I ever saw was the one where you started buying and selling with the guitar. I have just watched this one and you have totally confirmed all my conclusions about the pluses and minuses of u tube . There are so many lazy people in this world who will not put effort into thinking about and researching things . They are all around us . I wish you lived near me as I think we would be good pals , however the Atlantic is very wide and a bit wet!! Very best wishes for the future and I will continue to watch your channel with interest. Regards , Richard .
What a gentlemanly comment
As a Brit, i completely agree with your comment!
During the pandemic, after being laid off, I started a non toxic housekeeping business. Start up cost was extremely low now, nearly 5 years later my business brings in 6 figures. If it wasn’t for the pandemic and desperation I would still be doing a 9-5 instead of working 20 hours a week.
As a Canadian I appreciate this channel.
All the finance TH-camrs who claim to be making all there money from real estate and crypto make all there money from TH-cam and selling courses.
Exactly, they are smart cause in their head it clicked just like all the other scamers thru history, "what's gona make me money is convincing them they can make money from it", sadly now I feel the lie has exponentially increased cause of social media and what not
Not just that sponsors and affiliates list too and giving corporate speeches
it reminds me of multi level marketing "boss babes" so much
their
Exactly. The finance “gurus” have it so easy these days to separate people from their money. Back in the 70’s, they had to put on big seminars in hotel ballrooms often in different cities to tell people about the “secret” to make big money, usually in real estate. After a big presentation that consisted of bragging about how much money they were making flipping houses, they would tell the audience that they needed to buy their book or sign up for advanced courses to actually learn the “secret”. Now they just do the same thing with a lot less works through social media.
We appreciate your integrity in choosing advertisers. Your channel will continue to grow as well as your income doing things the right way.
I call this the Ramsey effect….. He tells people how to get out of debt, and he’s right. But then he tells people how to maintain or get ahead and it is nothing like the way he did it. He makes his millions, tens of millions, hundreds of millions off of the advice he dolls out (book sales included) and the insurance financial guru institutions he has set up. So, as I tell people who are in severe debt, use Dave Ramsey to get out of debt, but don’t use him to get wealthy.
It's true of pretty much all the major names in financial education because the reality is a lot harder and can't always guarantee success. Nobody will ever get ahead if they don't have at least some disposable income that they can apply towards savings and investment activities. If you're working a minimum wage job where all of your money is already going to things that can't be cut, then you're never going to get anywhere, and thanks to changes in the economy, that is a thing that does happen. When most people have issues related to savings and the like, you do have to question to what extent you can really blame those folks for the situation they're in. And most of the advice that I see being handed out is just inappropriate to people who have real problems with finances. Most of it is like typical organizing books that are geared to people that fundamentally don't have a problem, they just don't know what to do. Definitely not people with real problems that need real solutions.
Kiyosaki's courses and army of presenters made him rich. He was almost cult-like . He was not the only one.
Disagree cause he's helped so many people including my own parents. They followed his advice and got through it. It's not easy but it's the mindset and strategies to get through it. One thing I will say, I think for people who are in severe debt. Bankruptcy might be your option. Dave filled it himself. So he's no better than it.
@@DefinitelyNotRin If you cannot think for yourself and do some due diligence , then maybe you need online gurus , if you are that lame or senile.
Ramsey is very clear that you don't get to his level of wealth by following the baby steps alone. They're not meant to make you a deca-millionaire or help you to retire early, simply for you to use your money wisely (and biblically) so you don't need to worry about finances for the rest of your life
Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $869K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Expert Shellane Maxwell can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
New survey has revealed rising adoption of cryptocurrency among the world billionaires, as they start experimenting in the digital currency, expanding their investments portfolio beyond traditional profitable assets.
I heard her strategies are really good, How do I reach your Coach/mentor
How would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
CAN”T SHARE MUCH HERE SHE’S MOSTLY ON TELEGRAMS WITH HER NAME
@Shellanemaxwell she's verified
Yeah, I lost money due to Meet Kevin pushing a pump and dump stock. Lost so much respect for him.
That guy is a slimy POS for sure! Steer clear!
I just accept that my finger is not on the pulse. By the time I hear about any stock it's probably already peaked and someone else has already made the big gains.
Thank you for this video. I unsubscribed from all those scam TH-cam "finance advice" channels.
your comment @9:41, “they didn’t get rich from following their own advice, they got rich from giving you advise they don’t follow.” is right on the money (pun) 😂😂😂😂😂 ….and this same phenomenon occurred in the 80’s and 90’s, when a ton of self-help books and TV shows exploded but did not make everyone healthier, better looking, and or wealthier
*Robert Kiyosaki intensifies* Would you like to know more........... pay $500 for a scam seminar?
absolutely right! people don't realize that if something is too good to be true, then it probably is. as george carlin said: it's a big club and you are ain't in it! they won't tell you their secrets about getting rich (they want more money, not competition).
also, egocentric bias: many rich people born into a rich famility/grew up in a wealthy city/hand entrepreneur parents to learn from/had barely any commitments (groceries, looking after kid/parents, commuting, etc) so they had enough time to invest it into a business. all of them forget about the "yeah, my parents gave me a couple grands to start stuff" thing.
The same can be said for the OG gurus like Kiyosaki and Ramsey...they just came came along before the internet. Telling people how to get rich was always very lucrative . It's nothing new at all.
Solid gold quote.
Truth. Why aren't we all healthy, wealthy and gorgeous by now?? 🤣
I appreciate your integrity. The stuff you talk about here is also rampant in the fitness TH-cam arena. clickbait, selling BS supplements, hawking total garbage concepts as "science" and on and on it goes.
I just wish the people who need to hear your message would hear and believe it. Sadly there are too many people not willing or able to think for themselves who can't identify when they are being lied to. Thanks for trying to spread truth.
As a 43 yr I sometimes feel terrible for the generation now entering the work force, housing market etc
But after watching videos like Nicole’s it relieves me that they have access to content like this.
Navigating what advice to follow is the hard part tho
Thanks Nicole for your content that you share with the world. It must be extraordinarily satisfying to do what you do
You're suggesting that access to basic financial knowledge on TH-cam (it was always at the library for free) somehow makes up for living in this exploitative swindle economy with ever accelerating income inequality? Wow.
Nicole, I love how you always keep things real. You are the bomb.
100% thanks for the honesty. Subbed
Honest and true opinion. Thank you, Nicole, for saying that out loud.
hi Nicole. thank you for your integrity.
Thank you Nicole!
thank YOU!
Thank you for having high integrity! Another reason to support you!
The adage of "if it sounds too good to be true it is" is the best rule of life. Yes owning a business is great but like you said its a lot of work. Even if you are successful, and have employees doing your meanial work for you you are still working 24hrs a day doing financials and growing your business. Most businesses fail, in the first year or two, the next failure is around 5-7 years after it becomes realatively stable because the owner thinks thy are richer than they are and starts living beyond their means. Buying a over price car a boat and all the toys they always wanted or think that they missed out on. The focus becomes having a goodtime rather than keeping focused on the business. Most independant business people dont realize is that all they have done is bought themselves a job, and keeping the extra mouths from the feed trough is the only way you make money, and if you do make a scaleable jump to the next level sometimes the investment in time & money is not worth it.
For the average person being employed by someone else is a better and safer place for them.
I love you honesty,very rare these days
I stay subscribed and keep watching you because you seem basically honest and above-board and because I find myself in agreement with you more than 90% of the time. I wish more channels on TH-cam had your level of transparency and frankness.
Way to go telling those guys to pound sand, your integrity is priceless.
I heard some where that if I leave a comment with seven or eight words, it will help with the algorithm for your channel. Well then here you go kiddo. I think your a smart young woman and I would be proud if my daughter had your critical thinking skills.
I love my daily dose of reality on sundays Nicole ! ❤ I don’t know how to explain but it keeps me sane knowing that there are other people seeing through the “scam” of it all.
Roughly 90% of businesses fail, it's systemic.
Very good episode Nicole ! I’m with you on this subject and I really appreciate your honesty and integrity! Keep up your good works ! Seeing that 4K views in only 3 hrs after releasing this video… I’m definitely not the only one !
Thank you so much for your integrity, Nicole.
Having ethics and morals almost always hurts your earning potential as a youtuber.
It can hurt your earning potential no matter what you do for a living, but really only in the short term. Having integrity is playing the long game.
You're right, I've been watching financial channels almost 4 years now. By now I think I've heard it all, I am listening and watching to all these financial channels all day long m every single day because it keeps me frugal and keep me stay on my target to my goals. Now I am crazy of saving, before this I spend more than I make. Before no saving, not investing and living paycheck to paycheck. Now my life has changed completely due to all these financial channels. Thank you TH-cam and TH-camrs.
Thanks for all you do Nicole. Glad I watch you.
Best video I've seen today - Yup, I'm a 40 hour a week 'Slave to the dollar', but I save 50% or better of my weekly pay, because I live WAY under my means. - I transfer some of my savings into gold & silver (goes up when the dollar goes down... as its been doing lately) - I'm secure in knowing if a flat tire, tree limb crashes through the roof, or plumbing goes to hell, I can make it through it - THAT is the best security of all. Cheers !
Hello from Seoul, Korea
I N T E G R I T Y. This is great, Nicole.
I was having a lousy morning, then I realized it's Sunday so it's a Nicole day! Day instantly got better. So many people are so full of it. You are a breath of fresh and honest air.
Love your straightforwardness and your integrity hence I will be sticking around your channel. Thanks Nicole! 😊
The more a you tubers content becomes highly produced and they start selling their own courses and products is when I bow out. Caleb hammer is an example. So many videos are just mirroring each other. The more authentic a TH-camr is the more they stay fresh.
That’s very true. Have you also noticed with any type of content generally speaking they all tend to share the same opinions as one another? It’s almost like sometimes there’s secret cults going on when there’s narratives to fill just so they don’t get demonetized or face a whole bunch of scrutiny.
You have the best personality of anybody on here or anywhere else that I can think of!
Thank you for your integrity and candor.
Nicole, you absolutely NAILED it. Again. This video needs more views and likes.
I think Temu is the annoying company
Commenting to help, always stay humble Nicole, even when you're making it big.
Another thing that was missed is about the rental real estate gurus, they will never share their true P&L statements. Many are at max money, 90 days from their financed kingdom from crashing down around them. You have to have a large cash cushion to be able to survive the ebb and flow rental income has. Yes, one can get very wealthy, but most do not.
Great commentary. Autoplay sent me to a video about how the Chinese economy will fail by the end of the week. Which came out two months ago.
RIP Chinese economy
In fairness, the Chinese economy will likely fail at some point, possibly in the distant future, and that will happen by the end of some week. So it sounds like they got everything right except the exact week it will happen!
/sarc
I guarantee Mao will fall.
So solid. Thank you!
This video highlights what many content providers and their sponsor rely on…a parasocial relationships with their followers to push their stuff. It is very effective! Many subscribers develop a trust and an asymmetrical intimacy with the people they like and follow and may even view them as a bit of a celebrity…while on the other hand, content providers have no idea who you are because they are talking to a lens every week. This asymmetrical relationship can be very dangerous when misused to peddle crap…i.e. subscriptions that can’t be cancelled, making money and real estate scams, etc. I recommend you never believe any offers presented by any content provider…and if any content provider is just working too hard to sell you stuff… this should raise a yellow flag…just my opinion…be safe.
I can't praise you enough for your candor and clarity. Your choice of topics is truly enlightened.
Thanks For telling the Truth! Your honesty is why I follow you. And want you to succeed.
Very Grateful to You.
Great video Nicole!
I’ve noticed many examples that you kind of brought up where because some of their brands are tied to their ‘frugality’ or minimalism they’ll find reasons and excuses to finesse the system.
“I bought this super expensive sports car because it will appreciate in value so it’s actually an asset” and “it was better buying the mini McMansion compared to the normal house because it’s more attractive to sell in the future” are examples.
Like just be honest - “I got filthy rich peddling sh$t to my viewers and I’m going to spend it however I want”
I will push back a little and say that just because you’re into minimalism or frugality or whatever doesn’t mean you can’t splurge on nice things that are important to you. In fact, that is the very essence of minimalism- prioritizing the things that make you happiest. Less but better.
And people on internet can be insanely dogmatic and critical towards strangers who they feel aren’t making the decisions they agree with. But truly, no one owes others an explanation for the personal choices they make.
However, when it comes down to exploiting your audience to get those things, I do agree with you.
@ I understand what you’re saying and I suppose the specific examples I’m thinking of are because those particular TH-camrs literally built their brands off a frugality of you should spend only what you must for necessity - almost a race to the bottom, until they made money and all of a sudden that got pushed to the side. It showed it was more a marketing ploy due to the popularity at the time of those topics
Or maybe they used frugality when their circumstances required them to and it paid off, and now they can live a little better.
If they made a bunch of money and continued to act like they were broke for clicks, that would garner criticism too. You’re damned if you do, and damned if you don’t in the court of public opinion.
@brandonb7120: A true asset puts money in your pocket. Liabilities take money from your pocket. The super expensive sports car you bought became a liability when you paid for it. Liabilities take money from your pocket. The car doesn't provide any income stream as a true asset should, If you drive it you'll incur more costs. Plates, registration, insurance and maintenance. While in may increase in value over time you"ll still have to find a buyer to realize any profit, Will your profit exceed the rate of inflation?
@@AccordingtoNicole Well no people who explain their thinking and also admit their luck are more likely going to explain away some of their issues.... IF I say well yeah frugal made this or that more likely and faster but the real reason was math and conditions... I am admitting decisions only factored into outcome and they by themselves are not the only reason why.... It just seems easier to explain stuff etc....
✨🌟 Season’s Greetings and Blessings! 🌟✨As we celebrate this season of joy and gratitude, let’s remember the boundless blessings our Father God bestows upon us. He reminds us that all we need to do is ask in prayer, and miracles will follow! My testimony this year has been nothing short of life-changing: from struggles to receiving $87,000 every two weeks! Yes, He truly answers prayers in ways beyond imagination. This season, make time to build your altar of faith, dedicate moments to prayer, and watch how extraordinary changes unfold in your life. Financial breakthroughs and abundant blessings are waiting for you-just believe and take the step!
God is the Greatest, 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.
Thanks to my co-worker (Joe) who suggested “Ms Sallie Herzog Behnke”
She's a licensed broker in the states 🇺🇸
she only charges 15% commission from the overall profit generated.
I just cashed out $26,590 this morning with an investment of $4,500. I think I'll be hitting millions soon
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸 🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Great video, Nicole! On point!
first seen it when people were selling ebooks on ebay about how to get rich by making an ebook haha.
people have been getting rich by telling other people how to get rich as long as i can remember.
Another great video. I like the fact that you use scenes from The Simpsons to illustrate your points. You could have used the one about Krusty the Clown's Percodan addiction. "I blame my Percodan addiction. And now a word from our sponsor, Percodan. Oh, crap." Classic!
Nicole you're so right. Remember as you succeed you will be the target. It's more about the journey and less about the goal. So if you spend 40 years to make 10 million dollars then what? You're at the end of your life with 10 million dollars. I think the trick is to have many goals. Everything in moderation. Each goal should be positive like a bucket list. Positive experiences. Bottom line you should spend less than you make adding to your financial success by default.
Pam here…I parted ways with a lot of YT channels that were turning into drama queens and slick bait creeps. I really like your clearheaded ‘get real’ content. All stuff I wish was taught when I was a kid. Trying to unwind bad choices, bad habits and worse advice when your 60plus already is depressing.
Love the honesty
Happy ypur business is growing and you are doing well. Enjoy your life ❤
Another great video, Nicole. Thank you.
Soon 100k 💪Great job Nicole!
Thanks for the honesty. There is way too little of that in the world today. And thank you for defending freedom of enterprise. The world needs more of that, too.
I like how honest and to the point she is.
You're a good woman Nicole. I trust you.
As Ron L. Hubbard says it, the best way to make money is religion.
L. Ron Hubbard was a pathological liar & Criminal. He started a cult, not a religion.
Because it's tax-free. 😉
@@Artzlady
Scientology was making millions for a long time before it became tax exempt. Religion makes money by selling a product that doesn’t exist. The hard part is convincing people it’s real. Once you’re over that hump, it’s margarita time on the beach!
thats why football teams have so much money they make football teams into a religion that people pray to :) smart
I would love to hear your opinion about all the videos on “velocity banking” - thank you!
Well stated on all fronts. The bros be bro-ing. The point about thumbnails is true too. For decades, legacy and local news people alike lived by the slogan "If it bleeds, it leads." They have to be sensational and out there to get attention, and since humans have a natural negativity bias, stories about crime and death will get more air time than positive news about great things happening around the world.
What I love about TFD is that Chelsea talks about not just basic financial advice. She's open about what go her out of financial hardship (having a loving husband with a good job that had health insurance) and about how the current systems screws everyone. She talks about scams and politics and consumerism and how all of those things really work to our detriment under capitalism.
Lol, love this! Happy to support you, Nicole. Keep up the great vids so I can continue watching them, some of them more than once, occasionally sharing them, so you make more $$$ (ya!!!). Plus, until recently, it hadn't dawned on me that sponsors provide their wares gratis in exchange for ads, naive me!🤣 Hence, I can also appreciate your standards for sponsors and be influenced accordingly.
It's so not dramatic, having a job is a real nightmare!!!
Thank you for the honest talk and showing real numbers of what people do. I have had many businesses, I have always suggested to people since the late 80's that you need to start a business. Your expenses can become deductions. without a business, they will never be a deduction. Milage varies but it is worth looking into it.
Pam here… its is called: “SELLING THE SELL”…..
Excellent. As a past entrepreneur I can attest to the hard work and risk. Having dependable employees, helps. But there are always issues finding the good help. Like anything in life, it takes maintenance.
Hi Nicole! I just wanted to say how much I truly appreciate your videos-they're always so informative and inspiring and I’m so grateful for all the value you share with us! 🙏🏼
I was wondering if you might consider making a video about your TH-cam journey and how you grew your channel. It’s so impressive to see what you’ve built, and as someone who’s just started my own TH-cam channel, I’d love to learn from your experiences. Hearing about how you managed to grow your channel as a side hustle and any tips you might have would be amazing! Thanks so much for all that you do-you’re such an inspiration! ❤
Really enjoy your channel. IMO start your own business is the same kind of advice as never rent, always own your own home. It's great for some. However, it may be the reason that MLMs suck so many people in. People are told that being their own boss is the way to get ahead.
MLM ≠ starting a business.
Obviously, the personal-finance story of any personal-finance youtuber that you've heard of is going to have involved making a good amount of money from youtube. But that doesn't mean that the only route to early financial independence is by setting up a business. It's very possible to reach financial independence in your 40s (and maybe even your late 30s) by saving and investing money you earn at a regular job. It's just that you need to choose a lifestyle for yourself that's significantly more modest than what you can maximally afford. (And really, isn't "set up your life so that you're not spending all your money" the central tenet of personal finance success, full stop, no matter where that money is coming from?)
Excellent advice, as usual, Nicole. Thank you.
I love your channel because you make videos that are diversified. I love influencers who can give good advice or pep talks about many topics. You are doing great and will meet you goals with your integrity intact. Thank you!
I appreciate that!
I guess that I was/am one of the lucky people who had a career that I absolutely loved, at least 90% of the time. It was motivating, satisfying and challenging. So, no motivation to move. BUt, for the many people who work in jobs that are not these things, then I agree with you. Look elsewhere---NOW. I find it amazing how many people are in very unsatisfying jobs that they hate and yet hey just stay there and get progressively more unhappy!!
When people say that income producing real estate is a great investment, it's not technically an investment. It's a business using property as the vehicle. You can't just write a check and collect monthly income. You have to actively manage the properties, marketing, tenant communications, and repairs.
Yes, most people are better off buying into well-managed REITs if they want real estate exposure. Owning properties can easily be an entire job, and you may well get stuck showing up in the middle of the night to deal with problems that arise.
Yay it’s Sunday I was waiting for your video ❤
Tai Lopez used to promote and sell $1000 e-Commerce course to people who could barely use a computer.
That's why I was such a fan of the early fire movement, like early retirement extreme and mr money mustache. Sure you could argue their blogs ended up paying their bills, but they did offer some solidly good advice on retiring in 10-15 years. They had no profit incentive other than to spread the word.
How refreshing to listen to someone with integrity
Luv the sincerity of this info.. thank U n appreciate U for ur honesty.. it takes a special person to stand up n speak the truth.. I resonate with U… I don’t entertain peoples videos that promote more then Reality.. the nonsense level is insane n tiring🤦🏻♀️🤦🏻♀️🤦🏻♀️🤦🏻♀️🤦🏻♀️ Finally someone worth listening to.. thank U🙏🏼🌹
This is what you call a good solid woman.
You look very good in your driving glasses. You should wear them more often.
Excellent video! Yes, you do give great information in an entertaining way. Congrats on the growth of your channel!
I find this also with most "health food" TH-camrs - they spout twaddle that is not at all supported by evidence, but they continue to churn out content. Oh, yes, they may have began with a valid point, but as they continue.... it's unsupported.
Most people have already figured out the things you say in this video, but it's great to hear someone say it.
This reminded me the analogy of gold rush. Its often not the gold miners that makes the money from a gold vein discovery, but the merchants who sell the tools and supplies during the gold rush hype itself.
Edit: of course when I made this comment I didn't finish watching the video, just for a min later for Nicole made the exact same analogy at 9:45, lol.
I really admire your attitude of i will do what i think is best for me
Best way to get rich is to rip someone off. Starting a business is good, but only if you can sell overpriced products and services. You don't need millions of subs, you need to find some whales who are willing to buy a $1000 course from you, and that course is just info that anyone can find for free. You can mow someone's lawn, but charge $400 -- or pay an employee $20 to mow the lawn, and pocket the $380.
Damn! And I thought I was jaded!
The videos which start with - they don’t want you to know blah, blah, blah - get on my last nerve. I wish TH-cam would throw in a warning of ‘caution, con artist ahead’ with this lame catchphrase.
You can do like I do with that sort of stuff and just use the option to remove the channel from your recommendations. If enough people do that, the behavior will stop before too long.
Sounds like truth to me.
''If I gave you everything I owned and asked for nothing in return, would you do the same as I would for you?''
Said by musician Steve Winwood in 1971 from his song The Low Spark of High Heeled Boys.
Steve Winwood has a high I Q and it's an intriguing question.
I am a diesel mechanic in Northern Ontario. I still believe that the dream of wealth is still alive. I work seven days on seven days off. I have time for myself. I make 150k in a low costs of living area. We are hurting for guys so mining is the land of opportunity.
Your kind of plan is what made my former next door neighbor a millionaire. He was a heavy equipment mechanic, worked as a fleet mechanic for a large corporation, declined going into their management, earned lots of overtime, saved for a house, then a much bigger, better house in the country. For that bigger house he studied for and obtained a general contractor's license, and contracted out the construction of it. In retirement he enjoys himself. He never had expensive hobbies or toys, such as boats, gambling, etc. A very admirable guy who at times will help his neighbors with their house/yard problems and still visits a nursing home.
When you see the fire and brimstone videos, just remember, nothing ever happens
TH-camr posted a phone number in a comment, I called, and he talked me into trading and invested 4000. I don't know how to get my money back. He wanted me to open a cash app to send money to a foreign country. After that, I stopped sending him money. They are both popular on youtube they both are in the United States. .
Probably wasn’t actually the TH-camr. Imposter scammers infiltrate the comments all time. They take my picture and make a user name similar to my mine and pose as me to try to scam people. I delete them as I see them, but it rampant across every TH-cam channel.
Oh noooo! On the day I subscribe to your channel you segue into a sponsored segment with no warning.
I like your channel because you seem like a straightforward person, no BS. Please be upfront about sponsorships, none of this sneaky disguising the intro to a sponsored segment as legit content.
Paul Harvey was a master at that. Get into the commercial before you know you are in a commercial. Nothing wrong with that, much more creative then "back after this" :)
I saw it coming... Don't care for it either.
in the 80's and 90's there was the Penny Pincher news letter. it talked about cutting your chicken in half for dinner and other stupid " savings". When you turn the newsletter over it said. Penny Pincher INC. on the back!!!!! THAT was the answer. Not using coffee grinds twice, start a business!
So, you were actually telling me to not to invest, have no budget, gamble recklessly and go into high interest debt? Jokes aside ever since Robert Kiyosaki became famous for shilling MLMs and terrible advice it's been known that one shouldn't listen to get rich quick gurus.
Fundamentally, people misunderstand what budgets are for and have unrealistic expectations. A budget is just a plan for where we want/need the money to go to be on the path to where we want to go. As long as the essentials like food, clothing, shelter and whatever obligations are covered, the rest of it is largely optional. I get a little bit tired about people complaining about living paycheck to paycheck when they have the money to cover all of their bills. If that's the case, then living paycheck to paycheck is effectively the result of poor cash management strategies. Simply just setting a side some of the money to cover an essential bill each paycheck until you're a month ahead and then do it again until you have all of your essential bills covered will eventually get there. However, if all the extra you can clear up is a few dollars, it might as well be impossible due to the amount of self-control and discipline that takes.