I would love to hear how you started Janse the Label including how you reserved the name, how you began production using your available money, and how you created your website.
I clicked so fast! Thank you for encouraging people to learn about their personal finances. Money isn't everything, but everyone needs money to purchase basic necessities.
I’d love to hear your answers to the rapid fire questions from The Financial Diet podcast, the financial confessions! What is the financial secret of your industry? What are you cheap about vs what do you splurge on? What is something that doesn’t cost anything that is bringing you joy?
I’d love to hear how you chose your financial advisor! What questions did you ask her? When I hear someone is making a commission it makes me nervous that they might select a product because of the commission rate rather than because it is the best fit for you. I’d love to hear more on that.
I LOVE THIS! And I hope you make this into a series! Honestly, I’m in college right now and trying to make myself more independent and financially stable, but my family sees talking about money as very taboo so I’m trying to learn so much on my own and honestly this video has been SO HELPFUL. This is such a great idea and I’m so happy I can turn to your channel to learn a thing or two that will help overall better my quality of life 😭💕
Love this! Want part 2! You should do a series with this as a base & then each one next be a specific topic of money. Questions, was there a other banks you had looked at before you decided on these? Does you credit card do the cash back on certain purchases or have you ever considered it? If there was one thing you could've told yourself when you started out on earning what would you say? What is one thing everyone should do in your opinion?
Wish there is a love button! Nobody really tells me advice about managing money besides if you don't have money coming in, don't spend at all (which being a student and living outside of the home isn't very realistic....) I got saving down, but only in the basic sense... Looking forward to more videos like this!
I live in Italy, and here having 7 bank accounts would basically cost you your income in expenses ahahah I am glad you're finding your way into money management; I think you are doing it well and many people could benefit from your suggestions. I don't have any specific question, but would watch a part two, gladly!
Dancing Queen Queen I’m moving to Italy in a year and a half! When you say having multiple bank accounts would cost you your income what do you mean? How much are the expenses for one bank account? Thanks so much!
@@DestanyShelton Mine was a hyperbole, but it would still be something noticeable at the end of the year, even more so considering here salaries are much lower, generally. I would say that something between 80-120 euros per year would be the norm for a bank account. If you do a lot of money transfer and you don't have that for free (you usually don't) you will have to pay a fee each time (it could be 2 euros, it could be 5). However, it really depends on what you want from your bank account. We also don't have the differences between checking accounts and savings accounts, at least not for "normal" bank accounts. Deposit accounts exist. Every bank makes their own rules, and you may pay for every transaction you do, or for some. Also, price for the same operation may differ from one bank to another. An online banking account with an online-only bank would be cheap, more or less a couple of euros per month and you usually get most operations free. However, that is not an account I would advise you to open for a business for example, at least not as primary account for a business, but maybe THAT could be a secondary accout to open for daily transactions, since most are free. Then you pay an additional fee for your credit card, an additional fee for your debit card, etc. Being an expat, you may need to transfer money back and forth from your country, so you need to check how much THAT would cost with your bank, and if it is available (online-only banks, for example, don't always offer that). If you are moving here for work, I advise you to ask your work place to indicate you a good financial advisor to know how to move (You don't have to hire them, just have a talk with them to know your perspectives, as a one-time thing). Be sure they're not sending you to a bank employee, since he/she would obviously only advise you to open the account with their bank. Sometimes, businesses have agreements with some banks (and also insurances, ask for that) so that you would have cheaper deals. It sounds worse than it is, but I still think that having 7 banks accounts here would make a noticeable difference, even more so at the beginning of a business venture. I am glad for Michel it works out for her, though.
I appreciate this video so much! I just got out of high school and NO ONE there teaches you real world skills there! I can see myself looking back at this video time and time again in the future. Thank youu
This video is sooo helpful. Nobody talked to me about money when I was growing up either and I'm trying to learn as much as I can now in my mid-20s. I am on my way to self-employment as well (woo-hoo!), so it's nice to learn about how others manage their money. Thank you for always being transparent and vulnerable with your audience. It is so relatable and helpful!
Ugh - I'm so happy you and others are talking about this! We need to eliminate the shame in all things money. Have you heard of YNAB (You Need a Budget)? I rarely even look at my bank accounts now because YNAB helps me mentally put my money in the "pots" you're using separate bank accounts for. I love it!
Thank you so much for uploading this video! I found it to be both informative and inspiring. This makes me really wanna get my life and finances together, too! Would love a Part II! 🙏🏾💕
I find these videos so helpful!!! I am graduating college next month so I'm trying to learn as much as I can before graduation / officially becoming dependent on myself. Thank you for being honest and detailed!!!
I would love a part two! maybe more about saving? one of my goals for next year is to dedicate a savings account just to travel! I never prioritize traveling, so I want to force myself to save up! thanks for all of the information you gave, it was super helpful
Wow I loved this!! I’m getting married in 2 weeks and we’re thinking about money and our future so this really nailed it for me! I would love to see a Pt. 2!
it should be taught in school at least budgeting and banking. You are very brave putting yourself out their I am so enjoying your channel. I would be interested in a part 2 I would like to see how well you do. You make me smile.
Thank you so much for talking about this--it's honestly so helpful to hear this advice from another young person. This video felt like sitting down with a friend or mentor, and I learned a lot. xoxo
more in depth of keeping track of expenses and categorization for taxes etc as someone self-employed would be so helpful!! would love this as a whole video/large part of one :)
Always here for more financial videos :) This year I'm about to pay off my student loans and I'm looking forward to starting a retirement account too -- it will feel a lot better to watch something grow than to watch it disappear
Investing would be a great part 2 topic! I am lost when it comes to that. I have a simple IRA through my employer where 3% of my income goes into it each month and my employer matches it. Besides that, I don't really know how to use it or what I'm financially supporting. From an ethical perspective, it's important to me to know how I vote with my dollar. LOL, writing this out feels like some personal accountability to follow up!
It was be great to hear Part 2! I am trying to start a small business by doing Virtual Assistant services online, and your financial tips were helpful. Thank you for being vulnerable and transparent. :)
I would love an updated video on handling money within your marriage as you are sharing an account. What problems you have encountered since then and how it has been resolved?
This was amazing! Thank you so so much. Would absolutely love a part 2. Can you talk about legality with your business like registering as an LLC, etc?
This has been the best video I've ever watched about being self-employed. I've always been concerned about knowing what taxes I'd have and how to pay myself. I'd love to see a Part 2
So informational!! Thank you for talking about taboo topics, I would love to know more about how you keep track of your expenses to give to tour tax lady, such as do you send her your info from quick books or do you keep separate record just to give her? I am starting the journey to become self employed this year and figuring out how to file taxes is something in super interested in learning about 😊
Love talking about money. There's some useful info here. I'm wondering if you work at home (because of COVID), but are not self-employed, can you still put part of your rent, utilities etc as a deduction?
I can't wait until your channel grows even more and you don't have to stress so much about your income!! I feel like you're so close to completely relying on youtube!!
This was SO informative and actually helpful, I have money automatically go into three different savings accounts each pay this way its mindless saving!
Please please please make a part 2 you are a gem cause you are so real on your channel maybe a idea is giving more real numbers for a better understanding
Would love a part 2, can you please explain how to make an "IRA" account (I think thats what you called it) to know how to invest our money. 😁🙏
4 ปีที่แล้ว +5
Thank you Michel! How did you manage to save $500 a month? at least at the beginniong or. apoint when you did not make enough? How did you start saving? Or you allways have? just thinking about the ppl that live month to month.
I love your videos. You've totally inspired me to start my own channel as well. I hope to be just as big and to positively impact others just like you do 🙂. Great content and keep up the good work.
Part 2 yes!! I like Dave Ramsey. I don’t agree with him about credit cards though. I treat mine as if it were coming from my bank account and ALWYAS pay it off in full. And it’s much safer to pay with a credit card than a debit card if your card or information is stolen. 💕
I’m German and over here every adult member of the two big christian churches (catholic + protestant) pays a so-called “church tax”. Last year, they each got between 5-7 billion euros. I’m pretty sure other European countries like Italy or Sweden have a similar system.
Love you so much ❤️❤️ I'm currently out of work and have been for nearly 6 months without any luck on finding a job and really been looking at working from home but not sure because I have no money to put into starting my own business or anything
Very interesting how you are so specific with your money and I will rewatch to see what I can aply to my life I completely agree that having separate "Jars" reallly helps with not spending. I use a programm called YNAB for that myself
How did you and your husband decide how much to save in the beginning? I'm engaged and we have completely combined finances- we're working on an emergency fund but also want to set money aside for travel, a new car, a future house, etc. Basically I'm wondering if you guys set up a strict budget of how much you were spending/saving!
Do you have pros and cons to a shared bank account? I had never heard of anyone with one until I started watching your channel. No one will talk about money where I am which makes deciding between a shared and independent account hard.
Funny how you say that talking about money is Taboo in the US, cause where I live (Munich, Germany) it’s totally ok to talk about it ;) … and I always thought that Americans are not THAT different to us Western Europeans but the more I learn about American culture the more I learn that this is definitely not true 😂
I really loved this video. It was very informative. I was wondering if you could talk about what you and Brooke invest your money in and how much you invested to start with on each investment?
Would love part 2! Even if american and italians banks are totally different is nice to see we think and act alike on finances
It amazes me that you know all of this at 23... You have yourself together! I wish I was that mature at 23!
Would love to hear you talk about starting a Roth IRA! I'm very confused about it.
I would love to hear how you started Janse the Label including how you reserved the name, how you began production using your available money, and how you created your website.
I clicked so fast! Thank you for encouraging people to learn about their personal finances. Money isn't everything, but everyone needs money to purchase basic necessities.
I’d love to hear your answers to the rapid fire questions from The Financial Diet podcast, the financial confessions! What is the financial secret of your industry? What are you cheap about vs what do you splurge on? What is something that doesn’t cost anything that is bringing you joy?
oh this would be great!
Sameee
I’d love to hear how you chose your financial advisor! What questions did you ask her? When I hear someone is making a commission it makes me nervous that they might select a product because of the commission rate rather than because it is the best fit for you. I’d love to hear more on that.
I LOVE THIS! And I hope you make this into a series! Honestly, I’m in college right now and trying to make myself more independent and financially stable, but my family sees talking about money as very taboo so I’m trying to learn so much on my own and honestly this video has been SO HELPFUL. This is such a great idea and I’m so happy I can turn to your channel to learn a thing or two that will help overall better my quality of life 😭💕
I love these types of videos! Michel you inspire me so much in all aspects of life! 💕
Would like to see a show on how to find a financial advisor.
Would love to hear more about how you found your financial advisor! I’m thinking about getting one but have no clue where to start.
Love this! Want part 2! You should do a series with this as a base & then each one next be a specific topic of money. Questions, was there a other banks you had looked at before you decided on these? Does you credit card do the cash back on certain purchases or have you ever considered it? If there was one thing you could've told yourself when you started out on earning what would you say? What is one thing everyone should do in your opinion?
Awesome information!! I'm starting my own home business and really love this information. Part 2 and maybe part 3 would be great.
Wish there is a love button! Nobody really tells me advice about managing money besides if you don't have money coming in, don't spend at all (which being a student and living outside of the home isn't very realistic....) I got saving down, but only in the basic sense... Looking forward to more videos like this!
I live in Italy, and here having 7 bank accounts would basically cost you your income in expenses ahahah
I am glad you're finding your way into money management; I think you are doing it well and many people could benefit from your suggestions. I don't have any specific question, but would watch a part two, gladly!
Dancing Queen Queen I’m moving to Italy in a year and a half! When you say having multiple bank accounts would cost you your income what do you mean? How much are the expenses for one bank account? Thanks so much!
@@DestanyShelton Mine was a hyperbole, but it would still be something noticeable at the end of the year, even more so considering here salaries are much lower, generally. I would say that something between 80-120 euros per year would be the norm for a bank account. If you do a lot of money transfer and you don't have that for free (you usually don't) you will have to pay a fee each time (it could be 2 euros, it could be 5).
However, it really depends on what you want from your bank account. We also don't have the differences between checking accounts and savings accounts, at least not for "normal" bank accounts. Deposit accounts exist. Every bank makes their own rules, and you may pay for every transaction you do, or for some. Also, price for the same operation may differ from one bank to another. An online banking account with an online-only bank would be cheap, more or less a couple of euros per month and you usually get most operations free. However, that is not an account I would advise you to open for a business for example, at least not as primary account for a business, but maybe THAT could be a secondary accout to open for daily transactions, since most are free.
Then you pay an additional fee for your credit card, an additional fee for your debit card, etc.
Being an expat, you may need to transfer money back and forth from your country, so you need to check how much THAT would cost with your bank, and if it is available (online-only banks, for example, don't always offer that).
If you are moving here for work, I advise you to ask your work place to indicate you a good financial advisor to know how to move (You don't have to hire them, just have a talk with them to know your perspectives, as a one-time thing). Be sure they're not sending you to a bank employee, since he/she would obviously only advise you to open the account with their bank.
Sometimes, businesses have agreements with some banks (and also insurances, ask for that) so that you would have cheaper deals.
It sounds worse than it is, but I still think that having 7 banks accounts here would make a noticeable difference, even more so at the beginning of a business venture. I am glad for Michel it works out for her, though.
Where does Brook’s money go? Does he put it all in your joint account? Thanks for sharing!
Knowing how to save and how much to save is a very important topic that should be talked about more! I would love to see a part 2!
I appreciate this video so much! I just got out of high school and NO ONE there teaches you real world skills there! I can see myself looking back at this video time and time again in the future. Thank youu
This video is sooo helpful. Nobody talked to me about money when I was growing up either and I'm trying to learn as much as I can now in my mid-20s. I am on my way to self-employment as well (woo-hoo!), so it's nice to learn about how others manage their money. Thank you for always being transparent and vulnerable with your audience. It is so relatable and helpful!
Ugh - I'm so happy you and others are talking about this! We need to eliminate the shame in all things money. Have you heard of YNAB (You Need a Budget)? I rarely even look at my bank accounts now because YNAB helps me mentally put my money in the "pots" you're using separate bank accounts for. I love it!
Love money talks!!! So important to help each other figure out life and adulting!!! 💕💕
Love the idea of ‘paying yourself’! Such a helpful and informative video Michel 🤍
Thank you so much for uploading this video! I found it to be both informative and inspiring. This makes me really wanna get my life and finances together, too! Would love a Part II! 🙏🏾💕
I find these videos so helpful!!! I am graduating college next month so I'm trying to learn as much as I can before graduation / officially becoming dependent on myself. Thank you for being honest and detailed!!!
I would love a part two! maybe more about saving? one of my goals for next year is to dedicate a savings account just to travel! I never prioritize traveling, so I want to force myself to save up! thanks for all of the information you gave, it was super helpful
Wow I loved this!! I’m getting married in 2 weeks and we’re thinking about money and our future so this really nailed it for me! I would love to see a Pt. 2!
This was an amazing video! This should be a series. Do you have health insurance? I’d love to hear about managing that while self employed!
I’m planning to start an online biz - can you please share more examples of what you wrote off in your part 2 video?
it should be taught in school at least budgeting and banking. You are very brave putting yourself out their I am so enjoying your channel. I would be interested in a part 2 I would like to see how well you do. You make me smile.
Thank you so much for talking about this--it's honestly so helpful to hear this advice from another young person. This video felt like sitting down with a friend or mentor, and I learned a lot. xoxo
more in depth of keeping track of expenses and categorization for taxes etc as someone self-employed would be so helpful!! would love this as a whole video/large part of one :)
This is awesome! Thank you so much! And yes, please, part 2!! I just found tour channel today and I love it!
Liked before I even watched because I knew it was gunna be a great video 😂 always is!
Always here for more financial videos :) This year I'm about to pay off my student loans and I'm looking forward to starting a retirement account too -- it will feel a lot better to watch something grow than to watch it disappear
Really interesting and especially useful during the current situation. Would love more videos like this!
I've never thought about these things that way but it's so awesome and you're right it does ease the stress off!💖
I feel like this was soooooo helpful!
Love these finance videos you make and how you break them down. They’re great. If you could do more that would be awesome!
Investing would be a great part 2 topic! I am lost when it comes to that. I have a simple IRA through my employer where 3% of my income goes into it each month and my employer matches it. Besides that, I don't really know how to use it or what I'm financially supporting. From an ethical perspective, it's important to me to know how I vote with my dollar. LOL, writing this out feels like some personal accountability to follow up!
Yes to more videos on this topic! So helpful to know more about being self employed too 🤗
It was be great to hear Part 2!
I am trying to start a small business by doing Virtual Assistant services online, and your financial tips were helpful. Thank you for being vulnerable and transparent. :)
I would love an updated video on handling money within your marriage as you are sharing an account. What problems you have encountered since then and how it has been resolved?
So informative! Part two please and thank you 🥰
Loved this!!! Please share a part 2!
This was very interesting :) Thanks for being so transparent.
This was amazing! Thank you so so much. Would absolutely love a part 2. Can you talk about legality with your business like registering as an LLC, etc?
This has been the best video I've ever watched about being self-employed. I've always been concerned about knowing what taxes I'd have and how to pay myself. I'd love to see a Part 2
We would love to see a part 2 of this! ❤️
Great stuff,thank u so much,looking forward to part 2
Very useful information for the younger generation.:)
💛💛 thanks for sharing this with us complete internet strangers Also Anyone else love her hair
So informational!! Thank you for talking about taboo topics, I would love to know more about how you keep track of your expenses to give to tour tax lady, such as do you send her your info from quick books or do you keep separate record just to give her? I am starting the journey to become self employed this year and figuring out how to file taxes is something in super interested in learning about 😊
Yes! Please do a part 2!
Love talking about money. There's some useful info here. I'm wondering if you work at home (because of COVID), but are not self-employed, can you still put part of your rent, utilities etc as a deduction?
I enjoy your that you’re willing to be open with finances. I would love to see a part 2.
I can't wait until your channel grows even more and you don't have to stress so much about your income!! I feel like you're so close to completely relying on youtube!!
This was SO informative and actually helpful, I have money automatically go into three different savings accounts each pay this way its mindless saving!
Love money videos!
Ur so amazing. Please make more videos like these.
all of your streams of incomes! interested in trying to find more ways for income
Please please please make a part 2 you are a gem cause you are so real on your channel maybe a idea is giving more real numbers for a better understanding
Would love a part 2, can you please explain how to make an "IRA" account (I think thats what you called it) to know how to invest our money. 😁🙏
Thank you Michel! How did you manage to save $500 a month? at least at the beginniong or. apoint when you did not make enough? How did you start saving? Or you allways have? just thinking about the ppl that live month to month.
I love your videos. You've totally inspired me to start my own channel as well. I hope to be just as big and to positively impact others just like you do 🙂. Great content and keep up the good work.
Hi Michel!
Thank you for sharing!
I would LOVE ti see a part 2!
Love the real talk
Part 2 yes!! I like Dave Ramsey. I don’t agree with him about credit cards though. I treat mine as if it were coming from my bank account and ALWYAS pay it off in full. And it’s much safer to pay with a credit card than a debit card if your card or information is stolen. 💕
Thank you so much for always being so open about money
love this. thank you so much! xx
I’m German and over here every adult member of the two big christian churches (catholic + protestant) pays a so-called “church tax”. Last year, they each got between 5-7 billion euros. I’m pretty sure other European countries like Italy or Sweden have a similar system.
I would love more money videos!
This was awesome!
You’d be perfect for the CNBC Millennial Money series!
I love videos like this. They are super helpful!
Love you so much ❤️❤️ I'm currently out of work and have been for nearly 6 months without any luck on finding a job and really been looking at working from home but not sure because I have no money to put into starting my own business or anything
Another great video, Michel!❤️
Very interesting how you are so specific with your money and I will rewatch to see what I can aply to my life I completely agree that having separate "Jars" reallly helps with not spending. I use a programm called YNAB for that myself
love your videos xx thnx for the advice about money x
Amazing video!! Thank you for sharing!!
Yes please do a part 2.
How did you and your husband decide how much to save in the beginning? I'm engaged and we have completely combined finances- we're working on an emergency fund but also want to set money aside for travel, a new car, a future house, etc. Basically I'm wondering if you guys set up a strict budget of how much you were spending/saving!
Hey Girl, How do you receive the subscription boxes, and can you talk bout the retirement saving accounts.
Your hair looks so cute like this
Amazing video. Gives me a lot to think about🤔
yessss to that part 2!!
Love these types of videos 💕
Yes for part 2!
Looking forward to part 2 :)
You could also estimate and pre pay your quarterly taxes... www.irs.gov/business-self-employed/estimated-taxes
Great plan.
How did you find that financial advisor? That is amazing she makes a commission.
I wish I could do this lol. But 4 student loans, one (consolidated) credit card loan, and not being able to split rent says NOPE.
Can you please talk about investing
Do you have pros and cons to a shared bank account? I had never heard of anyone with one until I started watching your channel. No one will talk about money where I am which makes deciding between a shared and independent account hard.
Funny how you say that talking about money is Taboo in the US, cause where I live (Munich, Germany) it’s totally ok to talk about it ;) … and I always thought that Americans are not THAT different to us Western Europeans but the more I learn about American culture the more I learn that this is definitely not true 😂
You could also Pre pay your quarterly taxes... www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes
Any Canadian know anyone from Canada with this type of video? This was so helpful 💟
I really loved this video. It was very informative. I was wondering if you could talk about what you and Brooke invest your money in and how much you invested to start with on each investment?
Being self employed what health insurance do you use? Need recommendations
How did you guys combine finances? I just got married and we are trying to figure out the best way to do it!