Most successful people started from nothing. They didn’t wait for the opportunity to knock but created the opportunity on their own by working hard. Thankgoodness i found Mr carlos kingston a pro forex trader, now I have been trading with him for about 7 mounths now and I earn up to $15,000 weekly. i guess this is the epic start to a new chapter in my life. I just feel like more evevryone should be made aware of this opportunity, feel free to contact him @carlos_1uptrades on Instergram his indeed a genius
After i lost the only job i had, i became worried all day and night hoping for an opportunity like this to come in my life, i have faith so i didn't give up because i know i will testify one day about my financial status again i didn't know my blessings will come like a dream to me and it came to pass with the help of @Carlos_1uptrades on Instagrāmm, who helped me earn $12k through binary options trade
I completely agree! I just graduated from highschool and will be turning 18 in a few weeks and I feel as if I’ve been thrown into the world without a true knowledge of how to manage my money! And I also have no idea how to do taxes 😭
absolutely! since it's not taught in schools, do you think young people would be interested to pay a minimum and learn financial literacy from an expert?
I'm 21, I've been teaching financial literacy for free in universities, but can't sustain myself, so really want to know if there an interest from young people to pay for self-development like financial literacy 😀
When I graduated uni I started earning four times as much but lived the same student lifestyle for two years, now I have "fuck it" money for when I want to quit a shitty job or get out of a bad situation, makes me a lot happier than a nice apartment or new clothes could have
that’s AMAZING!!!! guess my next financial goal is to have “fu*k it” money. just reading your comment made me feel secure about the future, i wonder how does it feel to actually own it
So glad to hear someone mention that over-consumption of fast fashion isn’t necessarily a good thing. I love a haul as much as the next person but it isn’t realistic or ethical to constantly be spending that way!! Loved this x
I used to be really bad about spending, especially on art supplies or eating meals out. after I actually started saving and budgeting myself, I'm honestly addicted to saving money. it's NICE watching the money grow and knowing it's there for emergencies or a small splurge.
It pains me that the 50/30/20 rule has never been realistic for me. Rent, utilities, and health insurance are 75-80% of my income and I even have the best job I've ever had. It's tough out here.
Idk where you live (I understand high cost of living, I live in Sydney Aus), but look into rent hacking. if you can find a way to sublease (even if it’s just a room) you can seriously offset rent costs 👌🏽
I feel like! I live on the west coast of the US, and I don’t even buy extra things. I only buy what I need and food, and it’s still impossible to meet the 50/30/20 rule
Came here to say this. Everyone said having a bachelor's degree would help us get a good job and be able to afford to live a comfortable life...nope! Not when rent continues to go up every year and you have 300+ dollars a month in student loan bills, yet income does not increase.
Congrats!! 👏🏻👏🏻 Good for you starting to work young - I waited until after high school to start working but wish I would have started working and saving earlier. Keep an open mind and you will learn much and grow much. 😊
Cool! I’m about to turn thirteen! I’m hoping that I’m able to get a summer job this year because I can do more work online since I’m stuck at home during Covid
Cash envelopes are great for people who are “spenders” and tend to overspend on credit cards! If you have the self control to use cards minimally and the discipline to pay it off each month, then that’s great, but if not then cash envelopes are a good option.
WOW! Way to know your demographic Elena! You always have the most balanced content especially this video it's calming, informative, and entertaining! Thank you
This is so great! My wife and I are working on paying off all of our debt. Our rent is about 20% of gross income, and we've stopped all non--essential spending! Projected to pay off $120,000 of student loans in under three years! Budgeting is a life saver!!
This is so important to be talked about. I'm very impulsive with my money and I never save it, there comes a time when I really need it and I have nothing saved. And what you said about comparing yourself to others is very real, I always spend more when I'm with a person who has "a lot of money" because I think aah it's okay, just today. I loved the video, and now I just need a job to apply it hahaha
tip my dad told me: teenagers (aka me lmao), if you get a summer job or something to make a little extra pocket money, take your paychecks and keep a certain percentage (i split mine 50/50) for pocket money and put the rest of it in savings. this money can be used in university for groceries, essentials, pocket money, etc. you don't wanna be working and studying at the same time for stress reasons and other things!
As someone in their 20s, I feel like what has been easiest for me when it comes to a budget is asking for help over time (adding a new expense to your "What I'm Responsible to Pay For" list each in each step of financial development, but not being disappointed in yourself when you still need help from your family) and making your emergency fund and budget after the first month of a new job (and readjusting the budget to the lowest monthly/ weekly/ biweekly average wage).
my older sister still lives with us right now because of the pandemic. She's using this time learning about financial education and how to save money. It caused me to look at your videos. She's really smart (engineer) but we have never had a more advanced financial education and she says seeing a woman close to her age talking about money really helps with the budgeting/debt anxiety because of college. Thank you for your videos Elena!
U don't know how happy am i for seeing that someone really talked about real life organization. Money is a subject that should be introduced to us and it's not in that many contries, so making this videos instead of just showing off "summer hauls" as you said it's a really big deal. So thank you. Much love for u girl!
Clearly that's not a reality here in Portugal. Minimum wage is 600€ and you basically can't afford a rent on your own because that's basically the price for a one bedroom appartment in the big cities!
i earn about 1000 a month and the cheapest rent is 700 maybe 650 in the countryside but i dont have a car and if i did the cost to keep it wouldnt be worth it
I'm really glad that I was able to have such a good high school economics teacher. I just graduated and I've never had a job before, so it makes me excited thinking about how I can budget once i get an income.
"Financial literacy + responsibility = freedom & empowerment" is so, so true. I've been on both sides of the coin- not even thinking about savings pre-2018 -> starting to educate myself on financial literacy and budget/save/invest, and the latter helps me feel much freer longterm. The smart financial decisions I made in 2019 (ex: emergency fund) have really been helping me during shaky economic times in 2020. Thanks for another great vid!
"Financial literacy + responsibility = freedom & empowerment" Yes so important! My story is very similar to yours. Educating myself was a game changer with my finances
Elena please if you can then make a video on self care not the surface level ones but how the journey has been for you and your two cents on it, as you have traveled a lot and have seen the different facets of all cultures and how beauty is perceived all over and how it affects your social life and all about confidence.
I love that you do these videos!! 👏🏻 Something my boss suggested to me is to budget an amount for gas+going out+clothes+fun extras and take it out in cash every week on Friday. If it’s gone by Wednesday, then it’s gone and you can’t spend more until Friday rolls around again. Kind of like your envelope idea :)
A really good video, I appreciate you taking your time to make these. I always apply 50/30/20 budgeting pattern which has helped me greatly in saving and also investing.
I started working a new job and my first two paychecks went by so fast. I decided I need to start saving more seriously now that I'm 23. Prior to watching this I did start tracking on Google sheets and I was thinking about doing the envelope system like my mom suggested. I do need those stricter systems to shock me because I love to indulge T_T Great video and great ideas I'll take with me!! Thank you
The only financial literacy I've ever gotten has been from Graham Stephen's channel. It is really nice to get advice from people in other fields and niches. This was a breath of fresh air.
I love your comment about being wary of the spending habits of the people you surround yourself with! I've noticed that when I'm hanging with friends with similar financial goals, I tend to spend less on non-essential purchases and vise versa. Great video, Elena 😊
I like that you touched on youtubers and their impact on consumerism and just buying buying buying. Sometimes I have to unfollow youtubers who are pushing so many ads because it’s just so much.
saving money gives me so much more satisfaction than buying things! i know i will thank myself in the future (and i feel so guilty whenever I buy things lol) love your videos so much elena 🖤
This video inspired me so much to not spend all my money I have right now with the clothes I want and instead save it for like when I’m 20 to make the trip I’ve always wanted with my friends. Thanks Elena to convince me to choose between clothes or the future ;) i guess I’m never going to ask clothes/ dining out or future plans
Elena, thank you so much for sharing your knowledge on finance. I didn't learn much in school, nor did my family ever teach me about it. I've been feeling lost, and wondering where my money has been going. I am 22, about to be 23 in March. Your videos have helped tremendously, and I aspire to be as financially literate as you one day. Much appreciation to you beautiful!
this is super helpful. I was required to take a financial literacy class freshman year of high school, but I didn't pay much attention because I was still so young. now that I've graduated college, I recognize the value of saving/budgeting and building for my future. thank you for this video!!
Investors looking for steady and consistent returns should consider growth stocks, a handful of stocks have garnered consistent, positive returns without wild changes in value.
What you discussed in your last video about rent really stuck with me and when I had to decide between a nicer flat and a more affordable flat I thought "Elena made a good point, I'll shall save!"
elena! please make more finance videos, its so nice to hear this from someone whose a young woman too but even more so in a format that's not super intimidating haha
I found it so crazy the fact that you have to build your own retirement fund ???? I'm from Argentina and that doesn't exist here lol you just have to work in order to contribute to the state and then THEY PAY for it and you get a free health insure which covers a part of your medicines, social stuff, etc. Sooooo weird that you really have to start thinking about retiring in your 20s
I live in Denmark and it's almost the same here. It's hard in the US a nd I think it's amazing how must people make it work still. Lots of issues tough.
We're all pay into social security but that system is failing fast and people in our twenties have no reason to believe that there will be anything left into our old age so we have to take it into our own hands
The state has no money. You pay the pensions of those currently taking a pension over the period of your working life. If all goes well, someone will be taking your position and paying your pension when you retire and need it. In many countries people are (quite rightly) not relying on the fact there will be a pension for them when they are older despite having contributed to them through taxes over their life. 😢
@@geollizzie2459 Yes, that is why I will save money for my pension. I pay more for pension tax than the amount I would receive.. It would be better if I could just save it for myself.
Ikr. It works slightly differently in my country. Basically, the employer and the employee have to contribute a fixed percentage of the monthly salary to the retirement fund account (every citizen has one). You can apply to withdraw emergency money from this fund before retirement but the conditions are strict. Before you retire, the fund will be managed for investments. The returns are quite good, according to my mom who checked her account a few years back. Gov healthcare is not 100% free but mostly subsidized, so you can get meds for as low as $1 even without insurance.
I also find that its easier to track the Money spending during the Month, not the end. Because i know i will forget it😅 i have a planner where i will determine the amount i Think i'll spend at the beginning, then all my purchases (like elena split up) and then i analyse at the end how much i spent for what. Also: one or two glasses of wine a month will really save your purse. Like seriously, drinking is so expensive! And most of the time you dont even remember if you ordered this one shot or not.
I love to see this generation take seriously money and budgeting. There is so much freedom in knowing where your money is going. Than you for sharing! This was a great video. 👍🏽
This video made me rethink the full cart of clothes I have in a shopping app that I've been wanting to buy, and I'm honestly very happy about it.. I didn't really need that much ☺️ Hope to spend that money later this summer if my travels can actually happen
Truly appreciate your vulnerability in sharing your wisdom with us regarding finances. I never tire of learning better ways to manage my money. In fact, I feel like we as a society should discuss it more often. It shouldn't be such a taboo topic because most of us struggle with it. Thank you again for this very helpful and insightful video!
I’m so glad to see comments that everyone thinks they’ve started too late because even at 20 I think I’ve started too late but I’m glad we’re all on the same page to do better. I hope we all reach our financial goals whatever year you’re on (mine is 2022). It’s never too late, you reading this means you’re just in time 🥰
well done for highlighting this, also well done on being comfortable about talking about money. it's such an important thing yet young people don't want to talk about it.
50/30/20 is LIFE CHANGING. Started last July and I’m absolutely obsessed with how much I saved. Moving to London on a budget is no joke but it’s doable!
This video was so needed🙌 I've been saving since my first job at 14 (now 19) because my parents were never taught how to and want better for my siblings and I so its always been a rule we have to and I'm so grateful for it now! I love a good haul video as much as the next person but after this video I realise how toxic those videos are on my spending habits and mindset, we are truly in the days of overconsumption and I believe influencers tend to validate this behaviour and as a viewer that's enough justification for me and it needs to change! 💗
I’m a jobless student and I’ve spent over $3,000 on kpop in the past 3 years. I regret a lot of my decisions 😀 but now i’m watching these to try to get better with money :c
I just want to say thanks for sharing your finances. Lot of people are very private about it but I feel that this trend will help the self learn community a lot. Also, your hair looks amazingly healthy and the color is just stunning on you. Share your beauty secrets! :)
I want to buy my first car and I’m determined to save money for it. But I have to say that sometimes it’s hard to stick to your financial goals. But then this video came across! Thank you for your tips ! It was a real wake up call for me 🧡🧡🧡
Hey Elena, just wanted to drop by and say how much I loved your video on budgeting and saving in your 20's. Your tips and tricks were spot on and incredibly practical. As someone navigating through their 20's, your advice really hit home for me. The way you broke down the process made it seem less daunting and more achievable. I'm excited to implement your strategies and start making smarter financial decisions. Thanks for sharing such valuable content! Keep up the fantastic work!
This was so great, thanks Elena! I'm in my early 30s, but a lot of these apply to me since I'm not married, don't own a home and don't have kids. It can be frustrating to not feel as financially secure as my peers my age (I switched careers and had to start over), but budgeting is a great way to make sure I can still hang out and have fun with them!
This month I actually used the 50/30/20 rule and it felt so amazing as I was worried it I would stick to it. Going well so far and I am defo sticking to this. 🙏
Something that I started doing that has been the best for saving is to hold all of my money in my savings account instead of my checkings! Every paycheck, I pay off what I have spent on my credit card and the rest goes directly into my savings. If I go grocery shopping or need to pay bills I will transfer exactly what I need into my checkings, so it makes you think twice before spending on something you don't need!
Such a good video i never spent all of my wages since working in my 20s saved a lot to buy my property i see people going around buying around them and enjoyed themselves and have nothing to show for it
just wanted to say I absolutely love that you're doing these videos!! Please please do more, I'm always looking for content like this but haven't found financial videos for young adults that hit the nail on the head as much as you do
in this pandemic situation ive been reading so many blogs about personal finances and that quote has come up sooo many times and the more i read the more i agree! thank you for sharing the content so many of us need right now!
Love love love these financial videos of yours! Please keep them up! Everyone can and everyone should do this! Finance is a game, and everyone should be ready to play!
Thank you!! I am 21 and in my last year of college and have been trying to figure out a budget for myself for now and into the future. This was amazing, you are amazing!
I literally never comment on TH-cam videos (I think it's the first time I have ever done it) but this content is so needed! Please keep making this type of videos!!!
I've also created a budgeting video but specific for traveling in Switzerland. But your tips are actually helpful in general! In fact, I already practice some that you mentioned which helped me travel around the world. 😍
I absolutely LOVE your mindset. so refreshing to hear a young female youtuber who is in their 20s who is creating videos such like these to educate about finances! had to subscribe
Thank you for this. I’m in my 20s and live alone and live pay check to pay check and this is sooo helpful . I had to move out quickly with no money behind me
When the market goes down then it's buying opportunity. If the market goes up then you are making money. If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. currently, I'm up 13% in my diversified portfolio. As crazy as it sounds some still make enormous returns from this seemingly unknown market. gotta be greedy when others are fearful
exactly what I'm personally planning on doing now the market is down, but I have no idea about stocks to buy or what assets that would yield the highest potential and so on. Your portfolio is freaking awesome, you seem to be doing well yourself. how do you select stocks you invest in?
@@raychristopher7797 I have my portfolio very well-diversified, though I did it using trad signals from a US-regulated broker *PRISCILLA DIANE AIVAZIAN* financial analyst and CNBC contributor and it's been a huge relief. Good earnings and little to no engagement at all on my part. Her stock picks are top-notch, I don't worry about market trends anymore because she's quite the genius in trading and portfolio diversification
@@raychristopher7797 Exactly, most people get it wrong trying to profit off of every move the market makes. Chasing gains is like chasing losses for gamblers. Buy good companies at a good price and watching paint dry is the best advice I can give. Long-term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound.
I have always just taken part of what I made and put it away. If i made $100 for work, then i would try to put down $10 or $20 if possible. Just anytime you make any amount of money take as much as you can and put it in a savings or wherever you keep your cash. even if it is a couple dollars, better than nothing!
automatic withdrawals are great!! Because it's a set amount of money and not a percentage of what you're earning, you can save ambitiously and create a plan for your short term/long term goals (ex: $200 a month for 3 years = over $7000 saved!). If you didn't make enough that month for the withdrawal, your bank just won't take it and there are no fees (double check this with your bank tho), and you can toss some extra money into your savings to make up for that month when you have it. I've never tried the percentage system but I imagine that works well too, if you take a percentage of what you earn out right away, you won't notice it, and you can save up bits of money easily.
Ella S. Oh my I know that was only two months ago but damnnn I’ve learnt so much since then lol. Yeah I agree, at the time all that just seemed far away but the sooner you start the better I guess
omg girl you read my mind! I just got a call earlier today from my manager saying I am allowed to go back to work and I first thought was to save money and budget. thank you for this!!!
Defining my wants vs. needs is a battle I’ve been fighting but I’m finding that it’s so worth it! It’s incredibly rewarding when I’m aware of the good I’m doing for my future finances, and putting large chunks of money away in savings funds to build up to a goal is very satisfying. Like, $5 at Starbucks on the way home from work, or just that much more money to go to my “move out” fund?
"don't save what is left after spending, but spend what is left after saving." SO GOOD!!
it’s obvious that you guys have no clue about asian households
Ha ha
Most successful people started from nothing. They didn’t wait for the opportunity to knock but created the opportunity on their own by working hard. Thankgoodness i found Mr carlos kingston a pro forex trader, now I have been trading with him for about 7 mounths now and I earn up to $15,000 weekly. i guess this is the epic start to a new chapter in my life. I just feel like more evevryone should be made aware of this opportunity, feel free to contact him @carlos_1uptrades on Instergram his indeed a genius
After i lost the only job i had, i became worried all day and night hoping for an opportunity like this to come in my life, i have faith so i didn't give up because i know i will testify one day about my financial status again i didn't know my blessings will come like a dream to me and it came to pass with the help of @Carlos_1uptrades on Instagrāmm, who helped me earn $12k through binary options trade
@@TheIrisProductions I don’t do please let me in on the secret lol
There needs to be more financial literacy taught in high schools, everyone should know these things!
I could not agree more!
I completely agree! I just graduated from highschool and will be turning 18 in a few weeks and I feel as if I’ve been thrown into the world without a true knowledge of how to manage my money! And I also have no idea how to do taxes 😭
Along with know how on taxes, how to buy a house and so on. 😉
absolutely! since it's not taught in schools, do you think young people would be interested to pay a minimum and learn financial literacy from an expert?
I'm 21, I've been teaching financial literacy for free in universities, but can't sustain myself, so really want to know if there an interest from young people to pay for self-development like financial literacy 😀
I love the saying "you can either look rich or be rich"
True
ok! this is awesome!!
Brokie
When I graduated uni I started earning four times as much but lived the same student lifestyle for two years, now I have "fuck it" money for when I want to quit a shitty job or get out of a bad situation, makes me a lot happier than a nice apartment or new clothes could have
that’s AMAZING!!!! guess my next financial goal is to have “fu*k it” money. just reading your comment made me feel secure about the future, i wonder how does it feel to actually own it
Omg I love having that money mentality
i love this lol
That’s a good advice though
What is “fuck it” money? 🙃
Really love how she doesn’t promote the overspending culture that most influencers fall into 🥺🙏🏼
ok! this is awesome!!
@simplymander
So glad to hear someone mention that over-consumption of fast fashion isn’t necessarily a good thing. I love a haul as much as the next person but it isn’t realistic or ethical to constantly be spending that way!! Loved this x
so true
exactly my thoughts as well!! love it :)
"save money and money will save you"
Now that is something I could agree on
Not only save money but also invest money
I used to be really bad about spending, especially on art supplies or eating meals out. after I actually started saving and budgeting myself, I'm honestly addicted to saving money. it's NICE watching the money grow and knowing it's there for emergencies or a small splurge.
It pains me that the 50/30/20 rule has never been realistic for me. Rent, utilities, and health insurance are 75-80% of my income and I even have the best job I've ever had. It's tough out here.
Idk where you live (I understand high cost of living, I live in Sydney Aus), but look into rent hacking. if you can find a way to sublease (even if it’s just a room) you can seriously offset rent costs 👌🏽
I feel like! I live on the west coast of the US, and I don’t even buy extra things. I only buy what I need and food, and it’s still impossible to meet the 50/30/20 rule
Same. You're not alone!
ok! this is awesome!!
Came here to say this. Everyone said having a bachelor's degree would help us get a good job and be able to afford to live a comfortable life...nope! Not when rent continues to go up every year and you have 300+ dollars a month in student loan bills, yet income does not increase.
I'm re -doing my budget today and watching this is motivating me SOOO much
Hell yes! Love and miss you so much🥺❤️❤️❤️
I’m 13, but I just got my first summer job, and Elena came through with the exact content I needed!
Congrats!! 👏🏻👏🏻 Good for you starting to work young - I waited until after high school to start working but wish I would have started working and saving earlier. Keep an open mind and you will learn much and grow much. 😊
i really want to get myself a part time job but that's not really common in our country and considering the virus going around 😭
first job at 13??! lucky! im 15 but nothing around hires until 16
@@angelaluo748 im 13 too, but here you have to be 18+ to do basic jobs..
Cool! I’m about to turn thirteen! I’m hoping that I’m able to get a summer job this year because I can do more work online since I’m stuck at home during Covid
the cash envelope trick and being careful around those who don't spend or save responsibly: SO wise!!
Monzo (an online bank) does cash pots which are lowkey like the cash envelope trick but online :)
@@elisabettebasile5967 how do you do that?
@@bryanna7017 Make an account with Monzo on your smartphone through the app and it should explain how
Cash envelopes are great for people who are “spenders” and tend to overspend on credit cards! If you have the self control to use cards minimally and the discipline to pay it off each month, then that’s great, but if not then cash envelopes are a good option.
I really loved your point about how influencers can sometimes promote over consumption. It’s so refreshing to hear from an influencer!
I tought the same. I would love to see influencers actually sell What's good for people. 💓
WOW! Way to know your demographic Elena! You always have the most balanced content especially this video it's calming, informative, and entertaining! Thank you
This is so great! My wife and I are working on paying off all of our debt. Our rent is about 20% of gross income, and we've stopped all non--essential spending! Projected to pay off $120,000 of student loans in under three years! Budgeting is a life saver!!
Even though I’m not making money yet, I want to educate myself to know how to work with money. So thank you for this video, it’s very helpful!
Really
Financial education is so important! Learning good money foundations always a great first step.
This is so important to be talked about.
I'm very impulsive with my money and I never save it, there comes a time when I really need it and I have nothing saved. And what you said about comparing yourself to others is very real, I always spend more when I'm with a person who has "a lot of money" because I think aah it's okay, just today. I loved the video, and now I just need a job to apply it hahaha
tip my dad told me: teenagers (aka me lmao), if you get a summer job or something to make a little extra pocket money, take your paychecks and keep a certain percentage (i split mine 50/50) for pocket money and put the rest of it in savings. this money can be used in university for groceries, essentials, pocket money, etc. you don't wanna be working and studying at the same time for stress reasons and other things!
I wish. A lot of people have to work and go to university.
As someone in their 20s, I feel like what has been easiest for me when it comes to a budget is asking for help over time (adding a new expense to your "What I'm Responsible to Pay For" list each in each step of financial development, but not being disappointed in yourself when you still need help from your family) and making your emergency fund and budget after the first month of a new job (and readjusting the budget to the lowest monthly/ weekly/ biweekly average wage).
my older sister still lives with us right now because of the pandemic. She's using this time learning about financial education and how to save money. It caused me to look at your videos. She's really smart (engineer) but we have never had a more advanced financial education and she says seeing a woman close to her age talking about money really helps with the budgeting/debt anxiety because of college. Thank you for your videos Elena!
+ 1 . 9 1 7 .2 7 2 .0 1 5 3📉🚀
🇼🇭🇦🇹🇸🇦🇵🇵💬📲
Link up
U don't know how happy am i for seeing that someone really talked about real life organization. Money is a subject that should be introduced to us and it's not in that many contries, so making this videos instead of just showing off "summer hauls" as you said it's a really big deal. So thank you. Much love for u girl!
You should share your Excel sheet outline ! I definitely need to get organize with my money since I just got a well-paid job :)
Ballllllllin :D
But yeha it’s important
And I know SO MANNNNNY that are not well organized
@Brittany Land yeah, I know him. He lives here in the UK 🇬🇧
He’s a guru when it comes to investing on stock trade, forex trade and crypto trading
He also trains his clients so they can be able to trade on their own
Bots
i also learned that your rent should never be more than 50% of what your income is!
Yes that would be definitely putting way too much money on something that has no return on investment
bujo with zozo in principle yes, but if you are early on in your career then sometimes even a house/flatshare is more than 50% of post-tax income
oh shit I earn around $800 per month and my rent is $580 😂
Clearly that's not a reality here in Portugal. Minimum wage is 600€ and you basically can't afford a rent on your own because that's basically the price for a one bedroom appartment in the big cities!
i earn about 1000 a month and the cheapest rent is 700 maybe 650 in the countryside but i dont have a car and if i did the cost to keep it wouldnt be worth it
I'm really glad that I was able to have such a good high school economics teacher. I just graduated and I've never had a job before, so it makes me excited thinking about how I can budget once i get an income.
"Financial literacy + responsibility = freedom & empowerment" is so, so true. I've been on both sides of the coin- not even thinking about savings pre-2018 -> starting to educate myself on financial literacy and budget/save/invest, and the latter helps me feel much freer longterm. The smart financial decisions I made in 2019 (ex: emergency fund) have really been helping me during shaky economic times in 2020.
Thanks for another great vid!
"Financial literacy + responsibility = freedom & empowerment" Yes so important! My story is very similar to yours. Educating myself was a game changer with my finances
Elena please if you can then make a video on self care not the surface level ones but how the journey has been for you and your two cents on it, as you have traveled a lot and have seen the different facets of all cultures and how beauty is perceived all over and how it affects your social life and all about confidence.
i definitely need this video after shopping online a bit too much this quarantine 😅
COMMENT TWINS!!! Literally said the exact same thing😂😅
@lattesdarling AHAHA i feel like this is such a common experience for people 😆 unfortunately.....
Right
lattesdarling ha ha
is anyone else completely obsessed with elena?? i literally cannot stop binging her videos lol
bro same watched all her vids throughout quarantine
I too
I love that you do these videos!! 👏🏻 Something my boss suggested to me is to budget an amount for gas+going out+clothes+fun extras and take it out in cash every week on Friday. If it’s gone by Wednesday, then it’s gone and you can’t spend more until Friday rolls around again. Kind of like your envelope idea :)
This Is really useful! I’m not actually in my twenties yet 😅 but never too early to start being smart about saving! 💗
A really good video, I appreciate you taking your time to make these. I always apply 50/30/20 budgeting pattern which has helped me greatly in saving and also investing.
How do you budget using this pattern you mentioned.
@@annasawyer9081 it's a 50% expenses, 30% investing and 20% savings. I try to spend less which has created more room for investing.
My budgeting is bad, as I manage to save just 5% because I don’t earn much.
@@stacyandrews5468 you have certainly done well for yourself, if I may ask what are you invested in?
You have adopted a very good budgeting pattern.
I started working a new job and my first two paychecks went by so fast. I decided I need to start saving more seriously now that I'm 23. Prior to watching this I did start tracking on Google sheets and I was thinking about doing the envelope system like my mom suggested. I do need those stricter systems to shock me because I love to indulge T_T
Great video and great ideas I'll take with me!! Thank you
The only financial literacy I've ever gotten has been from Graham Stephen's channel. It is really nice to get advice from people in other fields and niches. This was a breath of fresh air.
I love your comment about being wary of the spending habits of the people you surround yourself with! I've noticed that when I'm hanging with friends with similar financial goals, I tend to spend less on non-essential purchases and vise versa. Great video, Elena 😊
Really loved that you pointed how easy it is to be influenced by seeing your free or people around you spend and get tempted. I relate to that
I like that you touched on youtubers and their impact on consumerism and just buying buying buying. Sometimes I have to unfollow youtubers who are pushing so many ads because it’s just so much.
as the daughter of a financial planner, it’s music to my ears to hear you talk about having a ROTH IRA 👏
saving money gives me so much more satisfaction than buying things! i know i will thank myself in the future (and i feel so guilty whenever I buy things lol) love your videos so much elena 🖤
I am 30 and have been having SO much anxiety over budgeting but this has been SO helpful! Thank you so much! ❤️
Save before you spend! 😊 I started saving this year, and my savings helped me survived during this pandemic.
This video inspired me so much to not spend all my money I have right now with the clothes I want and instead save it for like when I’m 20 to make the trip I’ve always wanted with my friends. Thanks Elena to convince me to choose between clothes or the future ;) i guess I’m never going to ask clothes/ dining out or future plans
Elena, thank you so much for sharing your knowledge on finance. I didn't learn much in school, nor did my family ever teach me about it. I've been feeling lost, and wondering where my money has been going. I am 22, about to be 23 in March. Your videos have helped tremendously, and I aspire to be as financially literate as you one day. Much appreciation to you beautiful!
this is super helpful. I was required to take a financial literacy class freshman year of high school, but I didn't pay much attention because I was still so young. now that I've graduated college, I recognize the value of saving/budgeting and building for my future. thank you for this video!!
Investors looking for steady and consistent returns should consider growth stocks, a handful of stocks have garnered consistent, positive returns without wild changes in value.
Stocks is no doubt one of the simplest forms of generating passive income. I’m focused on buying top stocks breaking out past correct buy points.
Not every is able to identify lucrative positions to earn from, Investing is a marathon.
What you discussed in your last video about rent really stuck with me and when I had to decide between a nicer flat and a more affordable flat I thought "Elena made a good point, I'll shall save!"
elena! please make more finance videos, its so nice to hear this from someone whose a young woman too but even more so in a format that's not super intimidating haha
I found it so crazy the fact that you have to build your own retirement fund ???? I'm from Argentina and that doesn't exist here lol you just have to work in order to contribute to the state and then THEY PAY for it and you get a free health insure which covers a part of your medicines, social stuff, etc. Sooooo weird that you really have to start thinking about retiring in your 20s
I live in Denmark and it's almost the same here. It's hard in the US a nd I think it's amazing how must people make it work still. Lots of issues tough.
We're all pay into social security but that system is failing fast and people in our twenties have no reason to believe that there will be anything left into our old age so we have to take it into our own hands
The state has no money. You pay the pensions of those currently taking a pension over the period of your working life. If all goes well, someone will be taking your position and paying your pension when you retire and need it. In many countries people are (quite rightly) not relying on the fact there will be a pension for them when they are older despite having contributed to them through taxes over their life. 😢
@@geollizzie2459 Yes, that is why I will save money for my pension. I pay more for pension tax than the amount I would receive.. It would be better if I could just save it for myself.
Ikr. It works slightly differently in my country. Basically, the employer and the employee have to contribute a fixed percentage of the monthly salary to the retirement fund account (every citizen has one). You can apply to withdraw emergency money from this fund before retirement but the conditions are strict. Before you retire, the fund will be managed for investments. The returns are quite good, according to my mom who checked her account a few years back.
Gov healthcare is not 100% free but mostly subsidized, so you can get meds for as low as $1 even without insurance.
I also find that its easier to track the Money spending during the Month, not the end. Because i know i will forget it😅 i have a planner where i will determine the amount i Think i'll spend at the beginning, then all my purchases (like elena split up) and then i analyse at the end how much i spent for what. Also: one or two glasses of wine a month will really save your purse. Like seriously, drinking is so expensive! And most of the time you dont even remember if you ordered this one shot or not.
I love to see this generation take seriously money and budgeting. There is so much freedom in knowing where your money is going. Than you for sharing! This was a great video. 👍🏽
i definitely wish someone taught us this in school!! like i feel like this is more important than most of my courses at university
Can you do a video on tips on how to avoid fast fashion and leading a more sustainable life in general? You’re a sustainable icon to me 😅
You should check out Sedona Christina’s channel. She’s super into this and very accessible/realistic x
Maybe delete your social media. Social media is all ADS. And will make you want to have more
This video made me rethink the full cart of clothes I have in a shopping app that I've been wanting to buy, and I'm honestly very happy about it.. I didn't really need that much ☺️ Hope to spend that money later this summer if my travels can actually happen
when i started watching this i had so bad anxiety about it but now i feel so relaxed about it
Truly appreciate your vulnerability in sharing your wisdom with us regarding finances. I never tire of learning better ways to manage my money. In fact, I feel like we as a society should discuss it more often. It shouldn't be such a taboo topic because most of us struggle with it. Thank you again for this very helpful and insightful video!
I’m so glad to see comments that everyone thinks they’ve started too late because even at 20 I think I’ve started too late but I’m glad we’re all on the same page to do better. I hope we all reach our financial goals whatever year you’re on (mine is 2022).
It’s never too late, you reading this means you’re just in time 🥰
well done for highlighting this, also well done on being comfortable about talking about money. it's such an important thing yet young people don't want to talk about it.
50/30/20 is LIFE CHANGING. Started last July and I’m absolutely obsessed with how much I saved. Moving to London on a budget is no joke but it’s doable!
This video was so needed🙌 I've been saving since my first job at 14 (now 19) because my parents were never taught how to and want better for my siblings and I so its always been a rule we have to and I'm so grateful for it now! I love a good haul video as much as the next person but after this video I realise how toxic those videos are on my spending habits and mindset, we are truly in the days of overconsumption and I believe influencers tend to validate this behaviour and as a viewer that's enough justification for me and it needs to change! 💗
I’m a jobless student and I’ve spent over $3,000 on kpop in the past 3 years. I regret a lot of my decisions 😀 but now i’m watching these to try to get better with money :c
Maybe u can get some money back by selling those merch (:
@@PS-fk5zv yesss might be doing that! ^-^
I just want to say thanks for sharing your finances. Lot of people are very private about it but I feel that this trend will help the self learn community a lot. Also, your hair looks amazingly healthy and the color is just stunning on you. Share your beauty secrets! :)
I want to buy my first car and I’m determined to save money for it. But I have to say that sometimes it’s hard to stick to your financial goals. But then this video came across! Thank you for your tips ! It was a real wake up call for me 🧡🧡🧡
you're the big sis that I never had. Thank you for being a role-model Elena, love you!
Yes, that s true. I send what is left after saving and I am so much happier now.
I love budgeting and saving tricks, especially in my 20s.
So glad you're getting the message out there. My biggest regret is not saving in my 20's. Time aka compound interest is your biggest asset.
Your voice is so soothing. I could fall asleep listening to it.💜💜💜💜
Hey Elena, just wanted to drop by and say how much I loved your video on budgeting and saving in your 20's. Your tips and tricks were spot on and incredibly practical. As someone navigating through their 20's, your advice really hit home for me. The way you broke down the process made it seem less daunting and more achievable. I'm excited to implement your strategies and start making smarter financial decisions. Thanks for sharing such valuable content! Keep up the fantastic work!
This was so great, thanks Elena! I'm in my early 30s, but a lot of these apply to me since I'm not married, don't own a home and don't have kids. It can be frustrating to not feel as financially secure as my peers my age (I switched careers and had to start over), but budgeting is a great way to make sure I can still hang out and have fun with them!
This month I actually used the 50/30/20 rule and it felt so amazing as I was worried it I would stick to it. Going well so far and I am defo sticking to this. 🙏
Heck yeah!! I'm so proud :')
The idea of taking out physical money is such a great idea. It being digital always catches me. Great video!
This is so amazing to see!! I’m 18 years old and this is giving me a great start to getting into my finances
Something that I started doing that has been the best for saving is to hold all of my money in my savings account instead of my checkings! Every paycheck, I pay off what I have spent on my credit card and the rest goes directly into my savings. If I go grocery shopping or need to pay bills I will transfer exactly what I need into my checkings, so it makes you think twice before spending on something you don't need!
Such a good video i never spent all of my wages since working in my 20s saved a lot to buy my property i see people going around buying around them and enjoyed themselves and have nothing to show for it
just wanted to say I absolutely love that you're doing these videos!! Please please do more, I'm always looking for content like this but haven't found financial videos for young adults that hit the nail on the head as much as you do
growing up with little to no support and guidance from adults, thank you for this video. I really appreciate it!!
in this pandemic situation ive been reading so many blogs about personal finances and that quote has come up sooo many times and the more i read the more i agree! thank you for sharing the content so many of us need right now!
So glad you found it helpful :)
Love love love these financial videos of yours! Please keep them up! Everyone can and everyone should do this! Finance is a game, and everyone should be ready to play!
Money is energy and financial literacy is super important! The easiest way to get off the band wagon is to compare yourself to others! Subscribed!
I don’t think I’ve ever watch a Video where every word said had value and importance! This is the first! ❤️🔥
I live by 50/30/20 and I know it isn’t achievable for all incomes but it has honestly changed my life for the better
Thanks for this video! I’m starting my first big girl job next week and I just curated an estimated budgeting following the 50/30/20 rule 😊
28 year old youngin here! I plan to make the next 2 years awesome in every aspect including finances. Thanks!!
Thank you!! I am 21 and in my last year of college and have been trying to figure out a budget for myself for now and into the future. This was amazing, you are amazing!
this video was so so helpful, elena!! love your honesty and authenticity 💕 time to start budgeting 💸
I literally never comment on TH-cam videos (I think it's the first time I have ever done it) but this content is so needed! Please keep making this type of videos!!!
I've also created a budgeting video but specific for traveling in Switzerland. But your tips are actually helpful in general! In fact, I already practice some that you mentioned which helped me travel around the world. 😍
Hell ya, I love to hear thatB
Well, I took a lot of business classes but they dont teach me stuffs like this. stuffs that are USEFUL for my future. love this vid
GIRL you just keep doing it for me with these finance videos!!! You are so wise WOW so grateful for you and your channel🥺
After online shopping today, really need this video😂😂😅
one of my favourites is save your hundreds and spend your tens
I need to see your grocery haul. I don't know why, but I absolutely need it.
I absolutely LOVE your mindset. so refreshing to hear a young female youtuber who is in their 20s who is creating videos such like these to educate about finances! had to subscribe
Thank you for this. I’m in my 20s and live alone and live pay check to pay check and this is sooo helpful . I had to move out quickly with no money behind me
When the market goes down then it's buying opportunity. If the market goes up then you are making money. If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. currently, I'm up 13% in my diversified portfolio. As crazy as it sounds some still make enormous returns from this seemingly unknown market. gotta be greedy when others are fearful
exactly what I'm personally planning on doing now the market is down, but I have no idea about stocks to buy or what assets that would yield the highest potential and so on. Your portfolio is freaking awesome, you seem to be doing well yourself. how do you select stocks you invest in?
@@raychristopher7797 I have my portfolio very well-diversified, though I did it using trad signals from a US-regulated broker *PRISCILLA DIANE AIVAZIAN* financial analyst and CNBC contributor and it's been a huge relief. Good earnings and little to no engagement at all on my part. Her stock picks are top-notch, I don't worry about market trends anymore because she's quite the genius in trading and portfolio diversification
@@harrisonjamie794 Do you mean copying her trades as it's been done in Etoro? Do you just give out your funds or copy them manually?
@@raychristopher7797 Exactly, most people get it wrong trying to profit off of every move the market makes. Chasing gains is like chasing losses for gamblers. Buy good companies at a good price and watching paint dry is the best advice I can give. Long-term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound.
@@harrisonjamie794 Please, how do I connect with your financial planner?
i wish there was more info on how to budget and save when your income/expenditure isn’t solid? like as a teenager
I have always just taken part of what I made and put it away. If i made $100 for work, then i would try to put down $10 or $20 if possible. Just anytime you make any amount of money take as much as you can and put it in a savings or wherever you keep your cash. even if it is a couple dollars, better than nothing!
automatic withdrawals are great!! Because it's a set amount of money and not a percentage of what you're earning, you can save ambitiously and create a plan for your short term/long term goals (ex: $200 a month for 3 years = over $7000 saved!). If you didn't make enough that month for the withdrawal, your bank just won't take it and there are no fees (double check this with your bank tho), and you can toss some extra money into your savings to make up for that month when you have it. I've never tried the percentage system but I imagine that works well too, if you take a percentage of what you earn out right away, you won't notice it, and you can save up bits of money easily.
Mckenzie Baumgartner as a teenager, I get savings but what are we saving for?
@@linarose5556 car, college, retirement, future housing, gas, etc.
Ella S. Oh my I know that was only two months ago but damnnn I’ve learnt so much since then lol. Yeah I agree, at the time all that just seemed far away but the sooner you start the better I guess
Love this!! Thank you ❤Been saving since I was 16 and im still very very far behind😂But every time the savings are real lifesavers!
omg girl you read my mind! I just got a call earlier today from my manager saying I am allowed to go back to work and I first thought was to save money and budget. thank you for this!!!
I just found your channel and I am obsessed. As a 21 year old I needed this!! thank you
+ 1 . 9 1 7 .2 7 2 .0 1 5 3📉🚀
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Link up
Defining my wants vs. needs is a battle I’ve been fighting but I’m finding that it’s so worth it! It’s incredibly rewarding when I’m aware of the good I’m doing for my future finances, and putting large chunks of money away in savings funds to build up to a goal is very satisfying. Like, $5 at Starbucks on the way home from work, or just that much more money to go to my “move out” fund?
back here again after a year now that i have a full time job!! i’m gonna get my finances in order as a gift to myself for the new year ~