I didn't even know what a Roth IRA was back then. All I did was save a little here and there, but nothing serious. Looking back, it was such a missed opportunity
I actually did set one up in my late 20s, and honestly, it's been a game-changer. The tax-free growth is huge. But the real key was having a solid plan for it. You can't just throw money in and expect magic
That's what I'm starting to realize now. You need to balance your investments, right? A Roth IRA is great, but if you're not managing it properly-like diversifying between stocks, bonds, or even real estate-it might not perform as well as you'd expect
Exactly. A lot of people think, 'Oh, l've got a Roth IRA, so I'm good to go,' but it's not that simple. You've got to have the right mix, and that's where a wealth manager really comes in handy. Mine actually helped me balance my investments early on, which I think is why my account has grown so much
That's something I wish l'd done earlier too. Who do you work with? Because l've been managing mine on my own, but I feel like I'm just winging it at this point
I work with Joseph Nick Cahill. He's been in the game for over 20 years and really knows his stuff. When I first started, I had no clue how to allocate my investments. He helped me find the right balance between aggressive growth stocks and safer options like bonds.
I implemented a strict budgeting strategy to track expenses and set clear limits, while also focusing on a smart investment approach. In just six months, my investments grew by over $80,000, boosting my savings and financial confidence. This combined strategy has set me on track to achieve my long-term financial goals.
@@MoniqueJ-g2s Thanks! The strategy was all thanks to Lorrie Greta Hillard, a brilliant financial advisor. She helped me create a personalized budgeting plan, track my expenses, and prioritize savings effectively. Her expertise made all the difference in reaching my financial goals!
It’s madness that financial literacy/budgeting isn’t taught in schools. How different my financial life would’ve been had I known all of the things from the beginning.
I'm sure that it's taught how to add up numbers, call them income and expenses and decide which one is bigger. And I'm sure multiplication is also a part so nobody stops you from taking the product of monthly rate and duration in months.
I’m from Scotland, maths was taught but not specifically finances and how to budget. I think that basic life skills should also be taught (not just home economics making cakes etc)…. Unless you’re taught at home a lot of people don’t know how to clean their homes/do washing/budget a food shop etc.
It's so true. My little girl did have some people come into her kindergarten class and talk about money and saving. After, she was telling me the difference between a "want" and a "need" I thought it was great!
You've come so far since your first video. One year from now, please make a video out of you reacting to that first video. I am so proud of you and all you've learned thus far. Bravo!
I’m a shopaholic. I have the money but I’m wasting it on buying just to buy. My 2025 resolution is to do a no buy 2025. I have some exceptions, like health purchases, etc. it’s going to be hard to go cold turkey but necessary to break the habit. I’m going to take a day at a time, then a week, then a month. But the challenge is to see if I can do it for entire year. I lack for nothing so there’s no reason to buy.
For those clothes you haven’t yet donated, that are in the bins you referenced, have you considered giving them to The Real Real to sell? They will come over, sort through them, and do all the work of photographing, listing, and shipping. You will get a commission that you can use toward paying down your debt. At least for your higher end items. I want to thank you for your great content. You’ve inspired me in so many ways. Just watching your videos has changed my algorithms and now I am starting to dabble into watching minimalism content. I am beginning to get a dopamine hit from imagining less clutter and more space in my home.
I think perhaps half the battle is finally deciding what we want. "The journey of 1000 miles begins with one step." You took that step and have travelled the 1000 miles. And you exude happiness.
IMO Dave Ramsey is exactly what people in debt (especially Americans) need. As much as TikTok and the finance bros love to hate him, he's exactly what people need to hear. Once you're not in debt (whether you choose to consider your mortgage debt or not), then can move on to other wealth building advice.
Once you start…you will wish you had started years sooner! I’m one year into budgeting and my life has seriously changed for the better! Good luck to you!🙂
@@SallyPatrick-bb1ku I tried the apps but I’m more of a “see it on paper person.” I do have an Excel spreadsheet that I list all of my bills and I mark them off as they are paid. My monthly budgeting is done in a budget book. I use envelopes for cash sinking funds. This is how my mom budgeted when I was a kid, so it’s always just felt more familiar to me. Plus I’m not very techy! 😁
I like you more with each video. You are so real and down-to-earth, which is so refreshing for a financial channel. The realization and acceptance that you shopped due to low self-esteem is so raw and likely the case for most people. Keep doing great work. 😊 On a personal note, I’m still waiting for the budgeting to make me feel empowered vs. constraint (and I’m fairly frugal and barely buy anything anyways! 🤣)
It’s hard to believe there are still influencers driving people into credit card debt. I guess it’s gen x’s turn to learn the hard way… I can’t even stomach a tik tok ad or influencer haul now. You’re doing great! Keep it up!
Thank you for everything you share on your channel. I appreciate your honesty about your journey and your sharing of what you have learned a long the way.
🍋🍋🍋 great channel! Finally an honest young beautiful professional woman who isn’t selling a fake life and being real is wayyy more attractive. Great job!
Fellow shopaholic here who still struggles with my shopping impulses. I am debt free now finally so i am on the right track. I love your channel and the work you are doing on youtube. I have a question about rent the runway. I think you said you spend 180 or 150 a month on it. In a year that is over 2 grand on renting rather then buying clothes Do you consider rent the runway shopping still or something different? I am still trying to find a healthy balance to shopping and it is soo hard.
I have a shopping list i started years ago because I’m in debt and don’t have the ability to buy any Wants… can’t remember the last thing i added because I’ve lived without everything on the list
Here a budgeting tip that has helped me a lot! Use erasable gel pens if you write your budget in a booklet. Having clear, concise numbers are less distracting then numbers that are scratched out everywhere! 🙂
I’d be very careful of decluttering. Decluttering has repeatedly sent me into spending spree cycles. I no longer do larger declutters because of this issue.
I used to, not as much anymore. When I do I remind myself of my goal and really try to question why I want it. As time goes on, it hurts more to spend my money on useless stuff. Strictly budgeting truly changes your mindset but it takes time which can be pay.
If you can, stay living there for a year or two. Then just wear what you already have and cancel rent the runway, buy dunkin coffee to make at home before leaving the house or have some ready to make at your office. If you cancel all the extras you can for now just to totally focus on crushing your debt you will have saved so much more in not paying interest also. Then you can get out of this hole faster.
Ranit sethi is the best! because he makes it easy and gets to the heart of the money psychology to make it exciting and not “just another piece of work to do” . He was a game changer for me too when I was building up my savings and paying off school debt, although I do slip back into over spending easily
🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋 I do have selfcontrol however its absolutely true THAT SELF CONTROL IS IMPOWERING 💪. You are the boss ! And of course we do not spend more money than the amount we decided for the month. I must say that i do not need help for finantial issues however i keep watching your videos for the single reason that you are very polite and focused on your goal. Its impressive. Btw the TH-cam Name is Fantástic. Best Regards from Lisbon.😊
I find my biggest struggle is at the beginning of the month my budget says i have margin, but by the end of the month somehow it disappears. I hate not being able to make a decision about the extra cash throughout the month with bills coming out etc
Yes, the bottom line at the end of the month is what's important. A flaw in budgets is that it kind of gives permission to spend on what may or may not be necessary. My goal is to maximize my bottom line. Excess of money coming in less expenses. So I try to only spend on absolute necessities. And try only at a discount. Maybe there's some budget trimming available? Maybe a way to get a few more dollars coming in? Seems you're working hard and right. Deserve a positive bottom line.
Appreciate the info you give on your journey out of debt! Could you please write in the description your recommendations like book title and author name, my hearing isn't the best. Think you said "I Will Teach You to Be Rich"? By Ramid ? Re decluttering, have a consignment heap, not sure where is good to consign? Illness and chemo made some choices the first time. Grateful I didn't chuck my "sick clothes" as I need them again. Put some classic beloved items in a tote for if I get well again. I don't have good earnings just random unpredictable medical expenses, so seems easier to keep stuff than replace it? Bf never bought on sale until we dated, his work clothes with a job change were non-existent. I went to yardsales in wealthy areas (full of shopaholics) kitted him out head to toe in mostly NWT for less than $100, using my brand knowledge to spot Brooks Brothers, Burberry, Celine, etc. He's getting 2 cashmere sweaters NWT that I spent $2 each. I don’t have high income, just knowledge. My goals include trying to get well, find more ways to get a grip on medical costs, best use my knowledge to help myself and others, learn more useful and applicable information and expand my knowledge base, and find ways to get paid for my knowledge. Any helpful advice or tips appreciated
I didn't even know what a Roth IRA was back then. All I did was save a little here and there, but nothing serious.
Looking back, it was such a missed opportunity
I actually did set one up in my late 20s, and honestly, it's been a game-changer. The tax-free growth is huge. But the real key was having a solid plan for it. You can't just throw money in and expect magic
That's what I'm starting to realize now. You need to balance your investments, right? A Roth IRA is great, but if you're not managing it properly-like diversifying between stocks, bonds, or even real estate-it might not perform as well as you'd expect
Exactly. A lot of people think, 'Oh, l've got a Roth IRA, so I'm good to go,' but it's not that simple.
You've got to have the right mix, and that's where a wealth manager really comes in handy. Mine actually helped me balance my investments early on, which I think is why my account has grown so much
That's something I wish l'd done earlier too. Who do you work with? Because l've been managing mine on my own, but I feel like I'm just winging it at this point
I work with Joseph Nick Cahill. He's been in the game for over 20 years and really knows his stuff.
When I first started, I had no clue how to allocate my investments. He helped me find the right balance between aggressive growth stocks and safer options like bonds.
I implemented a strict budgeting strategy to track expenses and set clear limits, while also focusing on a smart investment approach. In just six months, my investments grew by over $80,000, boosting my savings and financial confidence. This combined strategy has set me on track to achieve my long-term financial goals.
that’s incredible! What’s the secret behind this strategy? How did you manage to save up so much so quickly?
@@MoniqueJ-g2s Thanks! The strategy was all thanks to Lorrie Greta Hillard, a brilliant financial advisor. She helped me create a personalized budgeting plan, track my expenses, and prioritize savings effectively. Her expertise made all the difference in reaching my financial goals!
Thanks for the tips! I was curious, so I did a little research and looked up the name.
That's my goal!
It’s madness that financial literacy/budgeting isn’t taught in schools. How different my financial life would’ve been had I known all of the things from the beginning.
So true.
I'm sure that it's taught how to add up numbers, call them income and expenses and decide which one is bigger.
And I'm sure multiplication is also a part so nobody stops you from taking the product of monthly rate and duration in months.
I’m from Scotland, maths was taught but not specifically finances and how to budget. I think that basic life skills should also be taught (not just home economics making cakes etc)…. Unless you’re taught at home a lot of people don’t know how to clean their homes/do washing/budget a food shop etc.
Wasn't taught at home either, at least not in my home growing up.
It's so true. My little girl did have some people come into her kindergarten class and talk about money and saving. After, she was telling me the difference between a "want" and a "need"
I thought it was great!
You've come so far since your first video. One year from now, please make a video out of you reacting to that first video. I am so proud of you and all you've learned thus far. Bravo!
I’m a shopaholic. I have the money but I’m wasting it on buying just to buy. My 2025 resolution is to do a no buy 2025. I have some exceptions, like health purchases, etc. it’s going to be hard to go cold turkey but necessary to break the habit. I’m going to take a day at a time, then a week, then a month. But the challenge is to see if I can do it for entire year. I lack for nothing so there’s no reason to buy.
For those clothes you haven’t yet donated, that are in the bins you referenced, have you considered giving them to The Real Real to sell? They will come over, sort through them, and do all the work of photographing, listing, and shipping. You will get a commission that you can use toward paying down your debt. At least for your higher end items.
I want to thank you for your great content. You’ve inspired me in so many ways. Just watching your videos has changed my algorithms and now I am starting to dabble into watching minimalism content. I am beginning to get a dopamine hit from imagining less clutter and more space in my home.
I think perhaps half the battle is finally deciding what we want. "The journey of 1000 miles begins with one step." You took that step and have travelled the 1000 miles. And you exude happiness.
IMO Dave Ramsey is exactly what people in debt (especially Americans) need.
As much as TikTok and the finance bros love to hate him, he's exactly what people need to hear.
Once you're not in debt (whether you choose to consider your mortgage debt or not), then can move on to other wealth building advice.
You make me feel like I can totally do this!
Once you start…you will wish you had started years sooner! I’m one year into budgeting and my life has seriously changed for the better! Good luck to you!🙂
@ Thank you!!! Do you use the same quicken budgeting app?
@@SallyPatrick-bb1ku I tried the apps but I’m more of a “see it on paper person.” I do have an Excel spreadsheet that I list all of my bills and I mark them off as they are paid.
My monthly budgeting is done in a budget book. I use envelopes for cash sinking funds. This is how my mom budgeted when I was a kid, so it’s always just felt more familiar to me. Plus I’m not very techy! 😁
Of course you can do! Please let us know how you get on.
Don’t be shy to spend money on batteries for that smoke detector tho 😂
So proud of you❤
Thank you 💛
I like you more with each video. You are so real and down-to-earth, which is so refreshing for a financial channel. The realization and acceptance that you shopped due to low self-esteem is so raw and likely the case for most people. Keep doing great work. 😊
On a personal note, I’m still waiting for the budgeting to make me feel empowered vs. constraint (and I’m fairly frugal and barely buy anything anyways! 🤣)
I love everything you said but my favorite part was the kitty walking around ❤
It’s hard to believe there are still influencers driving people into credit card debt. I guess it’s gen x’s turn to learn the hard way… I can’t even stomach a tik tok ad or influencer haul now.
You’re doing great! Keep it up!
Thank you for everything you share on your channel. I appreciate your honesty about your journey and your sharing of what you have learned a long the way.
This is great in so many ways
I look for your posts everyday! You are a breath of fresh air and I love your honesty.
Really appreciate your channel and honesty.
Thank you 😊 💛
The Remit Sethi book made me really look and change my money habits too, a game changer! Thanks for sharing your journey ❤
Yes! I love Remit!
🍋🍋🍋 great channel! Finally an honest young beautiful professional woman who isn’t selling a fake life and being real is wayyy more attractive. Great job!
The beeping is change of battery warning.
For the fire alarm. Hope she changes the battery soon.
Nooooo not the smoke detector beep 🤣😭😭😭
Fellow shopaholic here who still struggles with my shopping impulses. I am debt free now finally so i am on the right track. I love your channel and the work you are doing on youtube. I have a question about rent the runway. I think you said you spend 180 or 150 a month on it. In a year that is over 2 grand on renting rather then buying clothes
Do you consider rent the runway shopping still or something different? I am still trying to find a healthy balance to shopping and it is soo hard.
Seriously love your channel so much! And I loved your latest vlog!
Great tips. Merry Christmas to you and your family.
So I was just about to tell my husband that our smoke alarm was beeping when you said it was yours! 😂
I have a shopping list i started years ago because I’m in debt and don’t have the ability to buy any Wants… can’t remember the last thing i added because I’ve lived without everything on the list
Here a budgeting tip that has helped me a lot! Use erasable gel pens if you write your budget in a booklet. Having clear, concise numbers are less distracting then numbers that are scratched out everywhere! 🙂
Thank you!
I would recommend Your Money or Your life by Vicki Robin and Joe Domingo
I’d be very careful of decluttering. Decluttering has repeatedly sent me into spending spree cycles. I no longer do larger declutters because of this issue.
Your cat is sooo cute! 😍 Your dog is super cute as well but I'm just more of a cat person. 😸
Do you feel deprived, and if so, how do you manage it?
I used to, not as much anymore. When I do I remind myself of my goal and really try to question why I want it. As time goes on, it hurts more to spend my money on useless stuff. Strictly budgeting truly changes your mindset but it takes time which can be pay.
If you can, stay living there for a year or two. Then just wear what you already have and cancel rent the runway, buy dunkin coffee to make at home before leaving the house or have some ready to make at your office. If you cancel all the extras you can for now just to totally focus on crushing your debt you will have saved so much more in not paying interest also. Then you can get out of this hole faster.
My dog is going berserk at every beep, lol
Haha lol
I will do a no buy year in 2025. I really hope to save a lot of money
I like your tips. Also i just wondering: what top three things would be, that you don't like about Dave Ramsay teaching?
Ranit sethi is the best! because he makes it easy and gets to the heart of the money psychology to make it exciting and not “just another piece of work to do” . He was a game changer for me too when I was building up my savings and paying off school debt, although I do slip back into over spending easily
🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋🍋 I do have selfcontrol however its absolutely true THAT SELF CONTROL IS IMPOWERING 💪. You are the boss ! And of course we do not spend more money than the amount we decided for the month. I must say that i do not need help for finantial issues however i keep watching your videos for the single reason that you are very polite and focused on your goal. Its impressive. Btw the TH-cam Name is Fantástic. Best Regards from Lisbon.😊
Please change your smoke alarm battery.
I find my biggest struggle is at the beginning of the month my budget says i have margin, but by the end of the month somehow it disappears. I hate not being able to make a decision about the extra cash throughout the month with bills coming out etc
Yes, the bottom line at the end of the month is what's important. A flaw in budgets is that it kind of gives permission to spend on what may or may not be necessary. My goal is to maximize my bottom line. Excess of money coming in less expenses. So I try to only spend on absolute necessities. And try only at a discount. Maybe there's some budget trimming available? Maybe a way to get a few more dollars coming in? Seems you're working hard and right. Deserve a positive bottom line.
Definitely check out the money guy show on TH-cam! More helpful/pratical than Dave Ramsey if you ask me
Congratulations on achieving adulthood I guess. Now budget some money for a 9v battery.
Dave Ramsey is one of the worst people to take advice from.
Appreciate the info you give on your journey out of debt! Could you please write in the description your recommendations like book title and author name, my hearing isn't the best. Think you said "I Will Teach You to Be Rich"? By Ramid ?
Re decluttering, have a consignment heap, not sure where is good to consign? Illness and chemo made some choices the first time. Grateful I didn't chuck my "sick clothes" as I need them again. Put some classic beloved items in a tote for if I get well again. I don't have good earnings just random unpredictable medical expenses, so seems easier to keep stuff than replace it? Bf never bought on sale until we dated, his work clothes with a job change were non-existent. I went to yardsales in wealthy areas (full of shopaholics) kitted him out head to toe in mostly NWT for less than $100, using my brand knowledge to spot Brooks Brothers, Burberry, Celine, etc. He's getting 2 cashmere sweaters NWT that I spent $2 each. I don’t have high income, just knowledge.
My goals include trying to get well, find more ways to get a grip on medical costs, best use my knowledge to help myself and others, learn more useful and applicable information and expand my knowledge base, and find ways to get paid for my knowledge. Any helpful advice or tips appreciated