Why So Many High-Income Earners Overspend

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  • เผยแพร่เมื่อ 19 ม.ค. 2025

ความคิดเห็น • 35

  • @TaeKimFinancialTortoise
    @TaeKimFinancialTortoise  9 วันที่ผ่านมา

    ► Join the Financial Tortoise Community, and let's grow your wealth together!: www.skool.com/financialtortoise

    • @beerkegaard
      @beerkegaard 8 ชั่วโมงที่ผ่านมา

      $700 a year for what???

  • @ArrigoLombardi
    @ArrigoLombardi 53 นาทีที่ผ่านมา +56

    I’m surprised more people don’t know about this book. The Censored Guide to Wealth on Bovolorus is unreal.

  • @mrgtmodernretrogamingtech6891
    @mrgtmodernretrogamingtech6891 8 ชั่วโมงที่ผ่านมา +7

    Setting Up a Base Line is important from the very beginning... Living intentionally, having a simple life and being contented... Being rich or not, life will not fail you...

  • @nikkig1146
    @nikkig1146 6 ชั่วโมงที่ผ่านมา +5

    Feel so bad for the people whose net worth was their homes which they lost in the LA wildfires 😥 Good reminder that owing a house does not guarantee a good investment.

  • @JohnMercier-q7l
    @JohnMercier-q7l ชั่วโมงที่ผ่านมา +1

    Hit 220k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 34k in November 2024!!

    • @AmirRezaie-d2h
      @AmirRezaie-d2h ชั่วโมงที่ผ่านมา

      I would really love to know how much work you did put in to get to this stage.

    • @JohnMercier-q7l
      @JohnMercier-q7l 43 นาทีที่ผ่านมา

      I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver

    • @JeremyBilbrey
      @JeremyBilbrey 6 นาทีที่ผ่านมา

      As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
      Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

  • @CRISNCHIPS12398
    @CRISNCHIPS12398 9 ชั่วโมงที่ผ่านมา +7

    I've lived a fairly "simple" everyday life but enjoy my travel time. Never felt the need to purchase "luxury" items, to be honest having all of those logos felt quite tacky to me. Just buy quality items that last, live within means and you'll be gold.

  • @riku1neo
    @riku1neo 7 ชั่วโมงที่ผ่านมา +3

    The Social/Family expectation one is very real. From working class family, first to earn a white coat after many years of school. During that time, my brother has been climbing his position in his Blue Collar Job. We make about the same. I don’t wear fancy clothes, but because of my title, guess who the family thinks makes more? 😅

  • @AmyAnnetteHenion
    @AmyAnnetteHenion 6 ชั่วโมงที่ผ่านมา

    The first point hits home. I was extremely frugal out of necessity for about a decade and paid off $100K in student loans. When I was free of them, I got a little bit spend-happy! Now that I have a higher income I'm letting myself buy some nicer things here and there, but this year I'm locking in and focusing on building my emergency fund.

  • @GarethThomas-w3b
    @GarethThomas-w3b 2 ชั่วโมงที่ผ่านมา +103

    Big ups and big love for the awesome daily content. Because inflation devalues your savings, it compels everyone to be an investor. Meaning you need to preoccupy yourself or offload your time/energy to the study of investment opportunities both of which are very costly. Thanks to Alison Bruce for showing me the appropriate way to get into bitcoin investing and trading with her trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some Weeks i made 27 BTC when i started with 2.1 btc and have continued on that same path with Alison Bruce Crypto.

    • @reefermark
      @reefermark 2 ชั่วโมงที่ผ่านมา

      Everyone needs more than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.

    • @GrahamWalker-f3t
      @GrahamWalker-f3t 2 ชั่วโมงที่ผ่านมา

      In times like this you need a good expert like Mrs Bruce to help you get through.

    • @StuartQuinn-l2b
      @StuartQuinn-l2b 2 ชั่วโมงที่ผ่านมา

      I’ve seen many positive comments about Alison Bruce. Can someone guide me on how to reach her?

    • @DayneRPotter
      @DayneRPotter 2 ชั่วโมงที่ผ่านมา

      The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways

    • @GarethThomas-w3b
      @GarethThomas-w3b 2 ชั่วโมงที่ผ่านมา

      Her program of expertise is all over the internet Alison Bruce Crypto

  • @peterl2767
    @peterl2767 2 ชั่วโมงที่ผ่านมา

    Great content 👌 👏 👍

  • @roburb73
    @roburb73 2 ชั่วโมงที่ผ่านมา

    I struggle with this as well. I have a "beater Jeep" and drive it mainly in the winter. It's a '15 with 112k and I recently found myself looking at a bed Jeep for no other reason but "Why not?". Thankfully, I looked around enough I decided it was a dumb move. It wouldn't have made a dent financially, but ...

  • @painuchiha2694
    @painuchiha2694 3 ชั่วโมงที่ผ่านมา +1

    I Have a low salary but I still save and invest.
    Live frugally

  • @wagon9082
    @wagon9082 8 ชั่วโมงที่ผ่านมา +1

    Good Video

  • @MrTee12
    @MrTee12 8 ชั่วโมงที่ผ่านมา

    Great advice

  • @christopherlennon6967
    @christopherlennon6967 4 ชั่วโมงที่ผ่านมา

    Life is about balance

  • @Johanneslol11
    @Johanneslol11 54 นาทีที่ผ่านมา

    I am allowing myself to buy some good clothes now. I have a lot of old clothes, but I won’t buy a lot after this. Also for one time in the last two months I stopped one month of investing because I bought a treadmill so my wife and me can lose weight. I already lost 6 kilos in 20 days. Next month I will invest double to compensate for skipping this month.

  • @mbank3832
    @mbank3832 9 ชั่วโมงที่ผ่านมา +1

    I guess I am one of a few smart ones that don't buy into luxury items.

  • @alicansecgin8407
    @alicansecgin8407 5 ชั่วโมงที่ผ่านมา

    Tim, you are so amazing. All of your outcomes are so insightful.

  • @BigTimeHSMfan
    @BigTimeHSMfan 5 ชั่วโมงที่ผ่านมา

    💙

  • @dakkon74
    @dakkon74 7 ชั่วโมงที่ผ่านมา

    Anyone else hate the clicking sounds he started adding between the sections? I feel they are getting old, fast.

    • @Royaleoake
      @Royaleoake 4 ชั่วโมงที่ผ่านมา

      I like it. Reminds me that the Nintendo Switch 2 is coming out. 😂

  • @jwin001jekaytt
    @jwin001jekaytt 8 ชั่วโมงที่ผ่านมา +36

    Binance infinity ETH bug right now
    I just made a video to show that"