What i like to do at Starbucks and Dutch Bros is take the total, let's say $6.50, then multiply it by 10% which gets you .65 cents and then multiply that by zero, which gives you the exact amount that should be tipped on drinks and other pickup options.
This is your best work so far! I really enjoy how you simplify every point, finances used to be a terrifying topic for me but people like you make it easy.
About the 4% Rule: I don't recall ever seeing anyone point out the life expectancy of the portfolio. The rule says that a portfolio of 50% stocks/50% bonds & cash should last for 30 years. If you're 62 years old, you have about a 25% chance of living to Age 92, i.e., 30 years. I worry about people retiring at Age 55 and thinking they'll be okay because of the 4% Rule. On the other hand, 4% was calculated as the *minimum* safe withdrawal rate. Since it's likely that one could withdraw more than 4%, it's also likely that 4% will last longer than 30 years -- but one should understand and not blindly accept a rule that they are depending on. If you run out of money, you might have a hard time finding employment at Age 85. As far as life insurance, I would suggest 30-year team instead of 20-year term, and "convertible" (which gives you the option, but not the obligation, to convert your term insurance to permanent insurance) term vs. "just" term. So, 30-year convertible term. I'm very much a "get all the life insurance you will ever need now" kind of person, because you don't have a right to buy large amounts of term insurance just because you want to. You need the life insurance to last long enough to provide a living estate if you should pass away prematurely, and if you haven't amassed "enough" in 20 years, a health condition could keep you from being able to buy another policy. If you are then killed by a meteorite, your loved ones are left to twist in the wind. You can always cancel life insurance once it has served its purpose. Yes, 30-year term insurance will cost more than 20-year term insurance, but it's a good value. If you wish, you could buy part of your coverage as 30-year and part as 20-year, making the presumption that you will have accumulated a significant amount of assets in 20 years. (Don't forget that because of inflation, in 20 years the insurance benefit won't go as far as it would have when you bought the policy.) Convertible insurance costs almost nothing more than "regular" insurance, and the option to convert would sure come in handy if six months before the policy expires your doctor advises you that you have less than two years to live because you have terminal cancer.
Love your channel! Do you have any resources and tips for travel hack? I’ve accrued points for many years but dont know how to go about using them wisely.
Great Video! Can you do a Travel Hack Video? I am interested in getting started but not sure where to begin. Amazing you haven't paid for hotel or flights in 5 years! 🎉👏
🚨 love your videos!!! Can you do one with more detail on TRAVEL HACKING - what specific card(s) do you use? How do you try to maximize your points? Etc.?
Great video! Why is Vanguard your favorite? My employer uses fidelity so I stayed there for my brokerage to simplify, but would consider moving if you have a good reason…thanks!
Number one money skill to master is stop the comparisons and not care what other people think, including caring about their approval for anything you've done. I've learned the hard way nobody cares about me and nobody is proud of me. Nobody cares what I've accomplished and it's largely meaningless.
The quick hit videos are great, plus I’m turning 38 soon so this is right in my wheelhouse. 😂 Regarding calculating a tip, it’s good to know how to do it in your head if you’re trying to impress your company, like a date or a client or coworkers, but there’s a third step which is adding the tip to the bill. If you’re comfortable with the people you’re with, I see no issue with taking out your phone and multiplying the bill by 1.2. It’s one step and if you need to split the bill you can just divide it by the number of people in the party. Tae, your advice is terrific, but I just wanted to add this. Thanks a lot for another well thought out video.
May I ask how old are you? It would be great to know your story, how/when you started to implement your personal finance strategies, and how they have manifested to present day results.
Your comment is funny. An as Asian girl, I found that many (notice, not all) asian men does not know how to cook or clean after themselves because their parents have been babying them their whole lives. I noticed more Caucasian men tend to be independent and more willing to cook and clean. But I understand what you’re saying to an extent. In America, we are so spoiled that we just order out and don’t care to cook at home.
Misplaced stereotype there... most Americans are within a couple generations of someone independent and ambitious enough to leave their country in search of better opportunities. As a whole, I think Americans are more capable than the youth of other developed countries.
What i like to do at Starbucks and Dutch Bros is take the total, let's say $6.50, then multiply it by 10% which gets you .65 cents and then multiply that by zero, which gives you the exact amount that should be tipped on drinks and other pickup options.
😂😂😂
Haha the editing of ur kid peeking back there is hilarious! Thanks for what u do! Enjoying the content
This is your best work so far! I really enjoy how you simplify every point, finances used to be a terrifying topic for me but people like you make it easy.
A mile wide and an inch deep, but a lot to think about!
About the 4% Rule: I don't recall ever seeing anyone point out the life expectancy of the portfolio. The rule says that a portfolio of 50% stocks/50% bonds & cash should last for 30 years. If you're 62 years old, you have about a 25% chance of living to Age 92, i.e., 30 years. I worry about people retiring at Age 55 and thinking they'll be okay because of the 4% Rule. On the other hand, 4% was calculated as the *minimum* safe withdrawal rate. Since it's likely that one could withdraw more than 4%, it's also likely that 4% will last longer than 30 years -- but one should understand and not blindly accept a rule that they are depending on. If you run out of money, you might have a hard time finding employment at Age 85.
As far as life insurance, I would suggest 30-year team instead of 20-year term, and "convertible" (which gives you the option, but not the obligation, to convert your term insurance to permanent insurance) term vs. "just" term. So, 30-year convertible term. I'm very much a "get all the life insurance you will ever need now" kind of person, because you don't have a right to buy large amounts of term insurance just because you want to. You need the life insurance to last long enough to provide a living estate if you should pass away prematurely, and if you haven't amassed "enough" in 20 years, a health condition could keep you from being able to buy another policy. If you are then killed by a meteorite, your loved ones are left to twist in the wind. You can always cancel life insurance once it has served its purpose. Yes, 30-year term insurance will cost more than 20-year term insurance, but it's a good value. If you wish, you could buy part of your coverage as 30-year and part as 20-year, making the presumption that you will have accumulated a significant amount of assets in 20 years. (Don't forget that because of inflation, in 20 years the insurance benefit won't go as far as it would have when you bought the policy.) Convertible insurance costs almost nothing more than "regular" insurance, and the option to convert would sure come in handy if six months before the policy expires your doctor advises you that you have less than two years to live because you have terminal cancer.
Love your channel! I feel like I am absorbing pearls of precious wisdom every time I watch.
I am glad you stopped giggling your way through videos. This video is great. Lots of good advice
the fact anyone expects a 20% tip is actually insane, I only tip 10% tops
Tipping is even easier when you tip the minimum 10%.
hhhhh. I normally tip 15% ...how to do that quickly?
@@wiwiz2504cut the bill in half, add that half to the bill and move the decimal point over 1 unit to the left.
@@wiwiz2504x 1.5
Can you elaborate more about what credit card for travel hack
The kids spying on you was awesome.
This was a really good video with lots of practica advice. Loved the clip of your child sneaking in the back. I recognize that look she gave you. 🤣
Love your channel! Do you have any resources and tips for travel hack? I’ve accrued points for many years but dont know how to go about using them wisely.
Great Video!
Can you do a Travel Hack Video? I am interested in getting started but not sure where to begin. Amazing you haven't paid for hotel or flights in 5 years! 🎉👏
🚨 love your videos!!! Can you do one with more detail on TRAVEL HACKING - what specific card(s) do you use? How do you try to maximize your points? Etc.?
i, like icarus, fly too close to the sun
Check out The Points Guy
Estate planning: great tip
I really enjoyed this video. It helped me evaluate myself as a person.
Thanks for the vlog
Thank you for the great tips and advice? What age do you start thinking about a revocable living trust at? Or is it something you do at any age
Great job 👏 👍 👌
My stocks are barely keeping up with my cash/bonds...🤔🤔
Great video! Why is Vanguard your favorite? My employer uses fidelity so I stayed there for my brokerage to simplify, but would consider moving if you have a good reason…thanks!
First! Love the content, man.
Number one money skill to master is stop the comparisons and not care what other people think, including caring about their approval for anything you've done. I've learned the hard way nobody cares about me and nobody is proud of me. Nobody cares what I've accomplished and it's largely meaningless.
The quick hit videos are great, plus I’m turning 38 soon so this is right in my wheelhouse. 😂
Regarding calculating a tip, it’s good to know how to do it in your head if you’re trying to impress your company, like a date or a client or coworkers, but there’s a third step which is adding the tip to the bill. If you’re comfortable with the people you’re with, I see no issue with taking out your phone and multiplying the bill by 1.2. It’s one step and if you need to split the bill you can just divide it by the number of people in the party. Tae, your advice is terrific, but I just wanted to add this.
Thanks a lot for another well thought out video.
Where do I learn how to reduce my taxes as much as I can
The (120 - age) in bonds theory is very much debated. This is one of the things I don't quite agree.
This is good 🙌🏽
Are you against trading using platforms such as Robinhood, WeBull, and other similar apps that have come out recently?
May I ask how old are you? It would be great to know your story, how/when you started to implement your personal finance strategies, and how they have manifested to present day results.
hes in early 40's ... hes got videos on all that you mentioned
Lots of info in one video
Bedankt
More like skills for people in their 20s
Any particular videos on travel hacking?
almost 100k subs !
"120 - your age is what you should have in stocks"
Me, at 19
I wish every teenager watch this video and should be taught in school
Right! Instead they're only given blueprints on how to walk on eggshells around rainbow ppl. 😢
It's morally questionable to invest in vanguard imo
Imagine if you’re in your 20s and 30s and can’t do simple algebra and the skill to cook a basic meal. So American 🇺🇸
Your comment is funny. An as Asian girl, I found that many (notice, not all) asian men does not know how to cook or clean after themselves because their parents have been babying them their whole lives. I noticed more Caucasian men tend to be independent and more willing to cook and clean. But I understand what you’re saying to an extent. In America, we are so spoiled that we just order out and don’t care to cook at home.
Imagine thinking algebra is finding a percentage of a bill.
Basic American skills:
Going to restaurant to eat.
Going to pay for it on a credit card 💳.
Budget = instant allergies 🤧
@@jacobboone568depends on the vector I suppose
Misplaced stereotype there... most Americans are within a couple generations of someone independent and ambitious enough to leave their country in search of better opportunities. As a whole, I think Americans are more capable than the youth of other developed countries.
Typo in the thumbnail
Stop giving tips !
"learn your enough (thumbnail)" maybe add learning the proper "your vs you're" to your list
I gape myself with my fingers every night
VMFXX, over 5%