1) Do not abuse alcohol or drugs 2) Get a part time job 3) Learn to Budget/ Track your money 4) Get a credit card to build credit score 5) Get the right Bank Accounts 6) Emergency Fund 7) Start Investing in Stocks 8) Get a Crypto Account 9) Retirement Plan (Roth IRA) 10) Keep Learning about Money (It’s a game)
I’m 54 and wish to God information and resources were a available in my neighborhood and school. My main focus was surviving the neighborhood. It’s not till you get older and find out how much you missed in life just trying to make it. Prayerfully the next generation get this!!!
lol, starting "working" selling fire works when I was 12.... then a morning and afternoon paper route.... had to go door to door to collect money too, was a PITA. Part time job at 16, kept it for 10 years. Worked the part time with my full time for 2 years . No debt, house & cars paid for. Living comfortably now...
I'm that sheltered guy who didn't work in high school and still doesn't have a credit card. Even though I'm not a teen, this video and others you've put out have been so helpful. Thank you for being that good person we all need.
No one told me I could start investing with just one dollar in any stocks. I did not have financially savvy parents. I would see (on the news) that for instance Google was 800 dollars a share, or Pepsi was 400 a share... etc. So I thought I needed that amount. All this time I could have started with 1 buck and go slowly. They never talked about credit. How it is so important. So many things. And he is so right, when emergencies came I had to dip into my stocks and sell. Now gotta start over. Ouch!
@@jty1999 nah, I'm going to be judgemental because a lack of utilizing judgement to assess situations is why people are not being held accountable and responsible for their lives and decision making within them. I don't need to meet a healthy able adult to encourage them to move out of their momma's house. The least we could do as a young adult on the way to success is remove ourselves from under the wing of our parent's protection. if you personally still home with momma, then do you, but you are not doing yourself a service or your momma a service being a burden beyond childhood in that way if you are to be MAN.
@@brendabrown2907 don't need to work at "many places". Just one place. School is great for people who are unemployed. But if you can get skills from 5 to 15 and find any company to let you use the skills by 16, then you can learn on the job to double your income a few times. Just need to payoff a bedroom bathroom suite on bus stops with housemates and about 10k in unearned income from investments. This is easily accomplished in under 5 years for 95% of people who want to do it.
Guys I followed all of these steps from an early age, I was motivated grew up with alcoholism and it scared me straight. I work a good profession, and worked 2 jobs throughout college, one as a temp the other as a chauffeur. I still work as a chauffeur great side money. I’ll tell you guys how much I saved but it’s just representative of my journey, and it shows it’s possible to save …I chose to live with alcoholics to do this, but because I am always working I’m never home occasional hotel when it’s really bad. I’m 27 and have saved 418 thousand dollars Good luck guys and praying you all escape.
#4 is HUGE. When I enlisted in the military 17 I had one of NCOs drill that very rule in my head...that has been super helpful. He also taught be to spend 33%, put 33% in savings account, and put34% into my retirement. Being young in the military you have few financial responsibilities so that worked for me and paid off eventually.
My son is 16 years old. He's going to be getting his first job this summer. While planning out the money management talk in my head I was debating weather or not it was too early to get him investing in the stock market (safe stocks, index funds of course). But you have solidified that decision for me. I will make sure we watch this video together and start him on a great path to financial success. Thank you so much Brian!
Started working at age 9, selling all occasion cards. Took over my brother's paper route after that. Worked in college as part of my scholarship program. Then got into retail. I really believe everyone should be in retail for a year so that they learn how to handle the good, the bad and the ugly in this world. I'm not rich but I'm better off than many at age 73. Got a credit card and am paying way over the minimum to build my credit back up. Great tips, thx Brian.
All this information is so valuable especially to those teens that are just watching this. My parents did not allow me to get a job when I was younger and I wish I had one working maybe 15-20 hours a week would be perfect for a teen. This guy is legit in many of his takes.
I can attest to #rule 1. Recovering alcoholic here, If I had taken all the money I spent on alcohol and invested it... I'd have been able to retire now at 46. Great video and awesome advice!
Thank you Brian! I am 30 I’m going to follow this as my primary think to do list! Not just for me it’s for my family! Thank you for all your help and information! I been following you since the start of COVID! Never miss a video! I’m so happy for you that you made it this far on TH-cam! Now is my turn to follow your steps! Thank you for all the hard work! 🙏
Everything you're saying are correct. And I was told my son that, you should save your money and invest it on your first paycheck. He's 24 years old and worked since 2021.
I love this, as a 16 year old and a station wagon to drive i went to work for pulte homes as a grunt. Those 2 guys helped me so much. They taught me how to bid jobs. As a 16 year old in 1980 i would make as much as 1000$ a week part time after school and some weekends. I would go on to own multiple businesses over the years. My down fall was not managing my money But i had a lot of fun lol. Almost 60 now and owned a business for the last 20 years. and im partially retired now.
my parents raised my brothers and I homeless, it took 10+ years to learn all this, now I'm almost 40 and wish I knew about all this many years ago. Also, if I took 0.5% of whatever I made over those aimless years and invested it, I'd be retired right now and not working 50 hours a week.
rarely comment on videos - but this one truly does deserve one. Thank YOU for sharing such valuable advice and i hope people are going to help others and be kind too!! my parents never let me work while in high school but i was always independent and good about my money except i could never 'get rich'. i was young. i wish i had this advice when i was younger so i'm definitely going to teach my kids this. thank you brian for always sharing your wealth of knowledge!
Invaluable advice, thank you. My parents were Korean immigrants who did not talk about money, period. Consequently, I made a lot of financial mistakes early on. Thankfully, I have more than recovered and am heading toward a secure retirement. I made sure to educate my three boys (12, 9, 7) about financial topics. They all have bank accounts and stock portfolios. As they get older, we are going to cover credit, crypto, insurance, income tax, investments, retirement, and estate planning. Anyway, I shared this video with my oldest son (12) and he was awfully quiet for a long time. After a few minutes, he said, "I need to get a job now and make some money." I told him that he wasn't legally old enough to work, which ticked him off. However, I was heartened by his ambition. Again, thank you for this video. This material needs to be taught from cradle to grave, in schools, workplaces, and most especially, around the dinner table.
Actual person here... Brian, your videos have been indespensible and invaluable. I appreciate where you come from and WILL make it. Your doma call was a bit early, but in a pretty nice buying range right now. Real estate and mortgages have taken a hit, but wont always be that way. You're awesome and i think its a great company. I hope I can buy you a beer one day and tell you how much you've helped me. Until then, I'll be at the local btc group tomorrow. GGs.
I approve this I started my journey at 12 years old I worked for a family member unloading vegetables, milk crates etc. He paid me decent money at the time and it didn’t interrupt my learning… fast forward I’m 23 I’m making about 75k a year in the Tech field. 2 cars paid for, no debt, crypto account funded, multiple IRA accounts and a fully funded emergency fund. I thank him for teaching me a strong work ethic, it has really paid off trust me..
Thank you very and so much Brian I always tell you you are the man!!! I can share this video with my two daughters ages 12 years old and 7-years-old. I feel this video will be so beneficial to their future. Again thank you very much. Brian you are the MAN!!!!!
Thank you sooooo much! I’ve sent this to my daughter. I absolutely love that you encourage people to give back to their community and practice kindness!
Great content, life changing! Reading is not just enough". Take action! Put your found knowledge to use. I read for a long time but action made my life change in no time (generally and mostly financially) That's my two cents on this
I struggle to follow through especially financially. I earn quite enough but hardly have a saving. Rent, bills, expenses take it all. It almost feels like I live paycheck to paycheck
Live below your means, adjust your lifestyle, be frugal in spending don't buy unnecessary stuff, budget your spending and your debt, save, invest it's a better way to invest. Get a financial expert to help you
I sent this to my younger brother who is about to head out to college this fall, love your videos man wish I had knowledge about these things when I was a teen, hopefully starting at 26 isn’t too late!
omg i wish this stuff was available when i was a kid you should be in every school in this country !!!!!! took me 53 years to figure this out on my own
One thing I would add about the job is that if you can, get a job that will teach you a skill you can use the rest of your life. In college I worked in construction and property maintenance and while it won’t necessarily make you richer, I save a ton of money now working on my house myself using skills I learned in my 20’s.
I am now 37 grew up without parents and been poor most of my life. The last few years im earning more than average because i started my own buisness and now finally learning about money. I feel like you talking directly to my inner child that missed all this but its not too late for me im on my way. I wanna get rich and help street children in third country. Thank you for all your videos and the knowledge you bring ❤
Got you with timestamps🎉 1☆1:00 ~ Say NO to drugs/alcohol 2☆ 1:50 ~ Get a job 3☆ 5:25 ~ Learn to Budget 4☆ 7:30 ~ Get a credit card 5☆ 11:25 ~ Get right bank accounts 6☆ 13:10 ~ Emergency Funds 7☆ 14:20 ~ Investing 8☆ 16:30 ~ Cryptocurrency 9☆ 17:10 ~ Retirement Plan 10☆ 18:35 ~ Keep learning!
I've been a long time subscriber and always like your videos but this one may very well be the best of them all. I especially like the monologue at the end. Just because you are successful and wealthy doesn't mean you can't be humble and kind
I have my son (21) watch all of your daily videos. You may be the only source of news and financial advice I trust at this point. Thank you for all the work you put in these videos.
My personal advice as a 26 year old that got a job as a assistant manager at a fast food place making $45k a year; if you absolutely don't want to go to college, get a job at a fast food place and the second you turn 18, ask for a shift management position, and in a year show interest in being the assistant manager or general manager and move stores if you can. Above all else, learn a trade. If you do want to go to college, but don't know which major, choose business management (super easy and you learn how to ask for promotions, conduct yourself in an interview, personal finances and now you have a degree on your resume) Definitely what I would do if I could go back and take a simple route to be financially stable at a younger age.
All great points Brian. I would like to add.... getting a part time job in our teens so we can understand the value of a dollar, which would lead to good money management in our adult life. Coming from an Asian family, Mom let me have a part time job at the age of 13. Once I finished high school and went to university, the deal was, no more part time job during the school semesters. All what you have said are great life lessons and they should be taught in school, as well, as at home. Thank you Brian for all you do to the financial community.
Can't wait to teach my kids about building wealth when they get older, I started an UTMA Account for them since they were born and will continue to learn more ideas to set them up for their future.
As a self made millionaire at 34 years old, I give this same advice to young people. Just to reiterate, get a credit card, I have 1 amex and 1 visa and you do NOT have to have a balance on them for them to build credit. I personally use my AMEX for everything because the points are the best... but it's always paid in full at the end of every month. Start your retirement account as early as possible too - 401k/roth. Stocks compound over time and as a young person you have no idea how powerful this is. And most importantly, keep learning. Excellent video for young people, well done.
This video is good for Dads/moms for their kids. Margin account, and learning the market movement is cruicial also landing that good job with high salary to start with capital for investing.
Using this exact advice I have saved around 120k in about 5 years. Currently im 36 imagine how much you could have if you started at 18 and enjoyed compounding interest. Max your roth it only takes 125 a week.
This is an absolutely wonderful video. This will be required viewing for my teens soon. Thank you for putting together a relatable video for a critically important age group.
I learned how to beat the bank at their own game. Instead of putting your cash in your bank account, put it in index fund. I went nuts when I made my first million and it started to double as I started to move my money around. I also invested my money I real estate. Number 1 rule is to live below your means and build up your cash balance as much as you can when you’re stilling living with your parents for free
I am modernizing elevators for a living these days. While doing so, I see a lawyer that works at a law firm in the tower. He has shown up for work in a: JEEP, Ferrari, Porsche, McLaren, and this week he pulled up in a Lamborghini. These are regular alternating options for this man. Seems like he is doing well. There is also a Jaguar that parks there occasionally. But that seems to be someone else's. Just sharing because it is amazing to have a budget to own all of those vehicles. Just wanted to share that this is a lawyer.
I started watching your videos when i was 15 years years back in 2020. I have been learning finance & economics ever since. Thank Brian! Me & my friends have learned a lot from your videos.
Thank you Brian, I was born in 1985 so our biggest investment learning is through a game called Monopoly. Sometimes you had to take sacrifices and sometimes it could be for the bad or the good. Monopoly is a game, making money is a game, when your dealing with politics they will throw curve balls at you and your suppose to figure a way how to adjust to their stupidity that's only bad thing is about investing but like you said you need to constantly learn about it and the loopholes.
I said same crap in my 20s. Now I’m 52 trust me you want to be rich so you don’t need to work 50 hrs a week. You want to be able to enjoy your life with your family and not work so long and hard there’s no time for birthdays and vacations.
I experienced working while studying at ages 16-19, and I personally wouldn't recommend it for any teenager, unless absolutely necessary. You don't know your limits at that age, there is a high risk you burn yourself out, resulting your life as a whole suffers (your workplace most likely won't care about your development).
One thing I aslo want to add. When it comes investing that Brian did not mention on this vid but he mention on his other ones Invest money you are comfortable with and you are ok losing. So that when you see it drop, you dont emotionally sell. Dont treat investing like going into a casino Lastly have investing discipline
1) Do not abuse alcohol or drugs
2) Get a part time job
3) Learn to Budget/ Track your money
4) Get a credit card to build credit score
5) Get the right Bank Accounts
6) Emergency Fund
7) Start Investing in Stocks
8) Get a Crypto Account
9) Retirement Plan (Roth IRA)
10) Keep Learning about Money (It’s a game)
Thank you Alena for the summary! Time stamps to come!
Crypto is a scam
@@will_the_warlord8913 not anymore, it's become a reality, just put a tiny portion of money on it if you can't handle volatility. NFT is scam
@@will_the_warlord8913 The constant SCAM involves dishonest Technocracy
@@will_the_warlord8913 beanie babies
I’m 54 and wish to God information and resources were a available in my neighborhood and school. My main focus was surviving the neighborhood. It’s not till you get older and find out how much you missed in life just trying to make it. Prayerfully the next generation get this!!!
I just turned 30 yesterday, and I wish I had this advice when I was in my teens. You’re setting up the next generation! Good job, Clear Value Tax.
💯💯💯💯👍👍
lol, starting "working" selling fire works when I was 12.... then a morning and afternoon paper route.... had to go door to door to collect money too, was a PITA. Part time job at 16, kept it for 10 years. Worked the part time with my full time for 2 years . No debt, house & cars paid for. Living comfortably now...
I'm that sheltered guy who didn't work in high school and still doesn't have a credit card. Even though I'm not a teen, this video and others you've put out have been so helpful. Thank you for being that good person we all need.
No one told me I could start investing with just one dollar in any stocks. I did not have financially savvy parents. I would see (on the news) that for instance Google was 800 dollars a share, or Pepsi was 400 a share... etc. So I thought I needed that amount. All this time I could have started with 1 buck and go slowly. They never talked about credit. How it is so important. So many things. And he is so right, when emergencies came I had to dip into my stocks and sell. Now gotta start over. Ouch!
As long as you moved out your momma’s house…
@@autohrap5884 People have different reasons for moving out or sticking with their family. Don't be judgemental of strangers you've never met.
@@jty1999 nah, I'm going to be judgemental because a lack of utilizing judgement to assess situations is why people are not being held accountable and responsible for their lives and decision making within them. I don't need to meet a healthy able adult to encourage them to move out of their momma's house. The least we could do as a young adult on the way to success is remove ourselves from under the wing of our parent's protection. if you personally still home with momma, then do you, but you are not doing yourself a service or your momma a service being a burden beyond childhood in that way if you are to be MAN.
"We need more good people in this planet". Brian, you are one of them!
Having two daughters, this may be my most favorite video of yours. The comments on the end, about the world needs is spot on and appreciated.
Wish high school had a program where they would teach practical things like this.
they wont teach you this because they want you to be a sheep.
My grandson is taking financial algebra next year in the 11 th grade.
Who needs high school when you have TH-cam.
@@economicdevelopmentplannin8715 because many places require a high school education at the minimum in order to get a job.
@@brendabrown2907 don't need to work at "many places". Just one place. School is great for people who are unemployed. But if you can get skills from 5 to 15 and find any company to let you use the skills by 16, then you can learn on the job to double your income a few times.
Just need to payoff a bedroom bathroom suite on bus stops with housemates and about 10k in unearned income from investments.
This is easily accomplished in under 5 years for 95% of people who want to do it.
Guys I followed all of these steps from an early age, I was motivated grew up with alcoholism and it scared me straight. I work a good profession, and worked 2 jobs throughout college, one as a temp the other as a chauffeur. I still work as a chauffeur great side money.
I’ll tell you guys how much I saved but it’s just representative of my journey, and it shows it’s possible to save …I chose to live with alcoholics to do this, but because I am always working I’m never home occasional hotel when it’s really bad.
I’m 27 and have saved 418 thousand dollars
Good luck guys and praying you all escape.
I read 418$ at first haha but good job man wishing u the best on ur journey 🎉
#4 is HUGE. When I enlisted in the military 17 I had one of NCOs drill that very rule in my head...that has been super helpful. He also taught be to spend 33%, put 33% in savings account, and put34% into my retirement. Being young in the military you have few financial responsibilities so that worked for me and paid off eventually.
I agree with those general figures as well, if you have debt, you could do a 25/25/25/25 split too but it's always better to pay off debt faster!
This isn’t only for teenagers it could literally apply to anyone it’s just great information to have, awesome video.
I will be watching this with my children this afternoon, thank you so much🙏🏾🙏🏾🙏🏾
It's always so wonderful to see you ShesaQueen19! I hope this video is a game-changer for the family! =)
My son is 16 years old. He's going to be getting his first job this summer. While planning out the money management talk in my head I was debating weather or not it was too early to get him investing in the stock market (safe stocks, index funds of course). But you have solidified that decision for me. I will make sure we watch this video together and start him on a great path to financial success. Thank you so much Brian!
Money grows over time.......the earlier the better!!
Started working at age 9, selling all occasion cards. Took over my brother's paper route after that. Worked in college as part of my scholarship program. Then got into retail. I really believe everyone should be in retail for a year so that they learn how to handle the good, the bad and the ugly in this world. I'm not rich but I'm better off than many at age 73. Got a credit card and am paying way over the minimum to build my credit back up. Great tips, thx Brian.
All this information is so valuable especially to those teens that are just watching this. My parents did not allow me to get a job when I was younger and I wish I had one working maybe 15-20 hours a week would be perfect for a teen. This guy is legit in many of his takes.
Thank you, Brian, for giving our youngsters such solid advice!!
😅
😮
6:12 n 😅
P
I can attest to #rule 1. Recovering alcoholic here, If I had taken all the money I spent on alcohol and invested it... I'd have been able to retire now at 46.
Great video and awesome advice!
This video would've helped me greatly when I was young. To the younger viewers watching, listen to this man!
My son just did a major project in his financial literacy class on this- Florida Gov Desantis signed this class into law .
Thank you Brian! I am 30 I’m going to follow this as my primary think to do list! Not just for me it’s for my family! Thank you for all your help and information! I been following you since the start of COVID! Never miss a video! I’m so happy for you that you made it this far on TH-cam! Now is my turn to follow your steps! Thank you for all the hard work! 🙏
Everything you're saying are correct. And I was told my son that, you should save your money and invest it on your first paycheck. He's 24 years old and worked since 2021.
Thank you for all the support and it sounds like you taught your son well!
I love this, as a 16 year old and a station wagon to drive i went to work for pulte homes as a grunt. Those 2 guys helped me so much. They taught me how to bid jobs. As a 16 year old in 1980 i would make as much as 1000$ a week part time after school and some weekends. I would go on to own multiple businesses over the years. My down fall was not managing my money But i had a lot of fun lol. Almost 60 now and owned a business for the last 20 years. and im partially retired now.
my parents raised my brothers and I homeless, it took 10+ years to learn all this, now I'm almost 40 and wish I knew about all this many years ago. Also, if I took 0.5% of whatever I made over those aimless years and invested it, I'd be retired right now and not working 50 hours a week.
rarely comment on videos - but this one truly does deserve one. Thank YOU for sharing such valuable advice and i hope people are going to help others and be kind too!! my parents never let me work while in high school but i was always independent and good about my money except i could never 'get rich'. i was young. i wish i had this advice when i was younger so i'm definitely going to teach my kids this. thank you brian for always sharing your wealth of knowledge!
Thank you for sharing that, I’m confident your children will be very successful!
Invaluable advice, thank you. My parents were Korean immigrants who did not talk about money, period. Consequently, I made a lot of financial mistakes early on. Thankfully, I have more than recovered and am heading toward a secure retirement. I made sure to educate my three boys (12, 9, 7) about financial topics. They all have bank accounts and stock portfolios. As they get older, we are going to cover credit, crypto, insurance, income tax, investments, retirement, and estate planning. Anyway, I shared this video with my oldest son (12) and he was awfully quiet for a long time. After a few minutes, he said, "I need to get a job now and make some money." I told him that he wasn't legally old enough to work, which ticked him off. However, I was heartened by his ambition. Again, thank you for this video. This material needs to be taught from cradle to grave, in schools, workplaces, and most especially, around the dinner table.
This is 100% excellent advice , I hope the kids heed this advice .
tip 1 : Start Early . Compounding Interest WINS .
I constantly talk to my teens about finances. I forwarded this video to them. Thank you for all your knowledge.
Brian is a gem, starts with no drugs
I have a teenager. I want her to know more and do better than me. I had no guidance in my youth. Thanks for the video.
Actual person here...
Brian, your videos have been indespensible and invaluable. I appreciate where you come from and WILL make it.
Your doma call was a bit early, but in a pretty nice buying range right now. Real estate and mortgages have taken a hit, but wont always be that way. You're awesome and i think its a great company.
I hope I can buy you a beer one day and tell you how much you've helped me. Until then, I'll be at the local btc group tomorrow. GGs.
Get adopted by rich parents 👌
That would definitely give you a head start A new wave A new beginning! lol
Yep
Yeah, hook me up with some sugar mommy
Lmao😂 Bill Gate papa
@@noobwow2009 call him daddy 😅
This is the dad talk not that we wanted, but the one that we needed
I approve this I started my journey at 12 years old I worked for a family member unloading vegetables, milk crates etc. He paid me decent money at the time and it didn’t interrupt my learning… fast forward I’m 23 I’m making about 75k a year in the Tech field. 2 cars paid for, no debt, crypto account funded, multiple IRA accounts and a fully funded emergency fund. I thank him for teaching me a strong work ethic, it has really paid off trust me..
Spot on! I'm sharing this with my child. Sometimes they need to also hear this from people other than their parents.
My kids are 11 and 12. I’m making them watch this video. So much excellent info for kids here.
I hear you, we hear you 🌺 and you are helping me and my daughters. 🕊️ Love from Hawai’i
Started saving at the age of 27 for retirement and retired this January at the age of 58. This advice works.
Thank you very much for your advice. When you said you’re young, you’re invincible, you’re never gonna get old. I lost it.😂
This might be the first time I hear "Do not abuse alcohol or drugs" to get wealth!!! You don't hear that one much or at all. What a guy!!!
What a person? Brian working hard to better humanity.
You know what I'll always try to help others and pay it forward.
Thank you very and so much Brian I always tell you you are the man!!! I can share this video with my two daughters ages 12 years old and 7-years-old. I feel this video will be so beneficial to their future. Again thank you very much. Brian you are the MAN!!!!!
Thank you sooooo much! I’ve sent this to my daughter. I absolutely love that you encourage people to give back to their community and practice kindness!
Great content, life changing! Reading is not just enough". Take action! Put your found knowledge to use. I read for a long time but action made my life change in no time (generally and mostly financially)
That's my two cents on this
I struggle to follow through especially financially. I earn quite enough but hardly have a saving.
Rent, bills, expenses take it all. It almost feels like I live paycheck to paycheck
Live below your means, adjust your lifestyle, be frugal in spending don't buy unnecessary stuff, budget your spending and your debt, save, invest it's a better way to invest. Get a financial expert to help you
@@hillaryvasquez9651 Thanks
I heard hiring a financial coach is quite expensive but I will have a look at it
There's financial coaches out there to create values and not just for the money they make. You can look out for them.
Brian! The Man of Every Year! 👍
I sent this to my younger brother who is about to head out to college this fall, love your videos man wish I had knowledge about these things when I was a teen, hopefully starting at 26 isn’t too late!
omg i wish this stuff was available when i was a kid
you should be in every school in this country !!!!!!
took me 53 years to figure this out on my own
You should write a curriculum for high school and middle school students. Public and homeschool.
I second this! Our family watches Brian’s channel as part of our homeschool economics studies. It would be awesome to have curriculum for kids!
An online course for teens would be great! Good business for Brian and the kids and parents would have a resource they could refer to as time goes on…
One thing I would add about the job is that if you can, get a job that will teach you a skill you can use the rest of your life. In college I worked in construction and property maintenance and while it won’t necessarily make you richer, I save a ton of money now working on my house myself using skills I learned in my 20’s.
I sent this to my grandson.. it's so needed.. thanks a bunch
I watch every video you post. Great, easy to understand and concise information.
Will be showing this to my granddaughter. Thank you for all your advice, which is always accurate and informative.
I am now 37 grew up without parents and been poor most of my life. The last few years im earning more than average because i started my own buisness and now finally learning about money. I feel like you talking directly to my inner child that missed all this but its not too late for me im on my way. I wanna get rich and help street children in third country. Thank you for all your videos and the knowledge you bring ❤
Brian thank you very much. I'm going to share this video with my 3 children and the children of my family 💯💥👊
Brian you are phenomenal!! I am well past my teens but want to assure others watching this that his advice is rock solid!
Bless up man, honestly thank you. 22 and have been finding my income streams and growing as an individual the last couple years.
Got you with timestamps🎉
1☆1:00 ~ Say NO to drugs/alcohol
2☆ 1:50 ~ Get a job
3☆ 5:25 ~ Learn to Budget
4☆ 7:30 ~ Get a credit card
5☆ 11:25 ~ Get right bank accounts
6☆ 13:10 ~ Emergency Funds
7☆ 14:20 ~ Investing
8☆ 16:30 ~ Cryptocurrency
9☆ 17:10 ~ Retirement Plan
10☆ 18:35 ~ Keep learning!
I am glad I came across this video. I passed this along to my daughter to give to her almost 17 year old son. Great advice!
I've been a long time subscriber and always like your videos but this one may very well be the best of them all. I especially like the monologue at the end. Just because you are successful and wealthy doesn't mean you can't be humble and kind
I have my son (21) watch all of your daily videos. You may be the only source of news and financial advice I trust at this point. Thank you for all the work you put in these videos.
Hope you had a nice weekend! 😸👍 Thank you for everything, Brian! 🎉
Thank you Scottie, it was a nice weekend! I hope you had a great one as well Scottie!
My personal advice as a 26 year old that got a job as a assistant manager at a fast food place making $45k a year; if you absolutely don't want to go to college, get a job at a fast food place and the second you turn 18, ask for a shift management position, and in a year show interest in being the assistant manager or general manager and move stores if you can. Above all else, learn a trade. If you do want to go to college, but don't know which major, choose business management (super easy and you learn how to ask for promotions, conduct yourself in an interview, personal finances and now you have a degree on your resume) Definitely what I would do if I could go back and take a simple route to be financially stable at a younger age.
All great points Brian. I would like to add.... getting a part time job in our teens so we can understand the value of a dollar, which would lead to good money management in our adult life. Coming from an Asian family, Mom let me have a part time job at the age of 13. Once I finished high school and went to university, the deal was, no more part time job during the school semesters. All what you have said are great life lessons and they should be taught in school, as well, as at home. Thank you Brian for all you do to the financial community.
I will force my son to watch this one Brian thanks a million...😀
Thanks a lot! I’ll apply this for my 12 years old. She’ll start working part time job when she turns 15. She volunteered when she was 11.
Brian, you're the best! Wish I had this when I was a teen but just sent your words of wisdom to my niece and newphew.
Can't wait to teach my kids about building wealth when they get older, I started an UTMA Account for them since they were born and will continue to learn more ideas to set them up for their future.
3 minutes in and I'm already blessed..thanks so much Brian, almost 2M subs! So proud and happy for you, thanks so much for your service
Fantastic video! You're absolutely right about the "Get a job" part! I feel that too many parents are sheltering their kids these days.
You should teach in the k-12 students in America to learn about finances 😊will help this new generation very much, God bless you.
You are helping the young and Future generations to come prevent making youtube videos titled "I wish I knew this about money when I was 18" Thank you
As a self made millionaire at 34 years old, I give this same advice to young people. Just to reiterate, get a credit card, I have 1 amex and 1 visa and you do NOT have to have a balance on them for them to build credit. I personally use my AMEX for everything because the points are the best... but it's always paid in full at the end of every month. Start your retirement account as early as possible too - 401k/roth. Stocks compound over time and as a young person you have no idea how powerful this is.
And most importantly, keep learning.
Excellent video for young people, well done.
This video is good for Dads/moms for their kids. Margin account, and learning the market movement is cruicial also landing that good job with high salary to start with capital for investing.
My first job was at 16 in 1997 at McDonalds and I’m still thankful for it because I learned all the lessons you mention on why to get a job.
I'm so happy to know that I'm not the only one. Thank you for that comment Crystal!
Using this exact advice I have saved around 120k in about 5 years. Currently im 36 imagine how much you could have if you started at 18 and enjoyed compounding interest.
Max your roth it only takes 125 a week.
The ending just means so much, and encourages me even more
This is an absolutely wonderful video. This will be required viewing for my teens soon. Thank you for putting together a relatable video for a critically important age group.
I am in my early 40's, also found this video very useful
I helped my oldest son start his own business doing engineering, design, and prototyping while in high school.
Happy Monday Brian!!! Have a terrific day!!!💫💫💫💫💫
Thank you Rose! Happy Monday to you too! I hope you have a wonderful week!
I learned how to beat the bank at their own game. Instead of putting your cash in your bank account, put it in index fund. I went nuts when I made my first million and it started to double as I started to move my money around. I also invested my money I real estate. Number 1 rule is to live below your means and build up your cash balance as much as you can when you’re stilling living with your parents for free
I am modernizing elevators for a living these days. While doing so, I see a lawyer that works at a law firm in the tower. He has shown up for work in a: JEEP, Ferrari, Porsche, McLaren, and this week he pulled up in a Lamborghini. These are regular alternating options for this man. Seems like he is doing well. There is also a Jaguar that parks there occasionally. But that seems to be someone else's. Just sharing because it is amazing to have a budget to own all of those vehicles. Just wanted to share that this is a lawyer.
This is Brian.
Brian is smart, educated, charismatic and generous..
Brian makes alot of money.
Brian does not turn into asshole..
Be like Brian!
In addition, a self made Millionaire.
Thank you, B! As a dad, I couldn’t have covered this better with my kids. Thank you!
I started watching your videos when i was 15 years years back in 2020. I have been learning finance & economics ever since.
Thank Brian! Me & my friends have learned a lot from your videos.
Thanks for your teachings
I wish I'd learned about budgeting when I was a teenager...I'm in my 70's and FINALLY out of credit card debt!
Thank you Brian, I was born in 1985 so our biggest investment learning is through a game called Monopoly. Sometimes you had to take sacrifices and sometimes it could be for the bad or the good. Monopoly is a game, making money is a game, when your dealing with politics they will throw curve balls at you and your suppose to figure a way how to adjust to their stupidity that's only bad thing is about investing but like you said you need to constantly learn about it and the loopholes.
Thank you for this video; I shared it with my son who is 14 !
Love you man. Thank you. Just following this video to my kid...13 and impressionable.
You are the real deal Brian! Thank you for your generosity! Will pass this on to my kids!
I don’t want to be rich, I want me and my family to live comfortably
No such thing as comfortable until you’re rich
@@muri4445 to me being rich is being able to afford my wants, and living comfortably is being able to afford my needs.
Then you never have to worry about the burden of wealth. You don't know what comfortable is until you realize you always need more. .
I said same crap in my 20s. Now I’m 52 trust me you want to be rich so you don’t need to work 50 hrs a week. You want to be able to enjoy your life with your family and not work so long and hard there’s no time for birthdays and vacations.
I wish someone told me about #4 when I was 18. I didn’t start building my credit til my mid 20s. Thanks David Ramsey 🤦♂️
I experienced working while studying at ages 16-19, and I personally wouldn't recommend it for any teenager, unless absolutely necessary. You don't know your limits at that age, there is a high risk you burn yourself out, resulting your life as a whole suffers (your workplace most likely won't care about your development).
A budget tells your money where to go instead of wondering where it went!
Great vid. I'm glad my dad taught me all this, made things easy for me. Hoping my daughter listens when I tell her this stuff.
One thing I aslo want to add. When it comes investing that Brian did not mention on this vid but he mention on his other ones
Invest money you are comfortable with and you are ok losing. So that when you see it drop, you dont emotionally sell. Dont treat investing like going into a casino
Lastly have investing discipline
This is very much appreciated. I’ll show this to my two teenagers, Thank you Brian!
I'm getting my granddaughter to watch this. I always give her advice she never listens to me 😞 hopefully she'll listen to u😊
Thank you Debi, I hope this video helps your granddaughter!
Good stuff as always❤ I saved this video for my 8Y old kid.