These Millionaire’s Money Tips Will Blow Your Mind!
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Are you curious about how ordinary people achieve extraordinary financial goals? In this video, we’re diving into the inspiring …
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That couple sounds so much like my husband and me.
My friends call me Nettie Green 👍
This video sets an exceptional benchmark! – "Value the journey, for it molds your path to greatness…"
so what about someone that never contributed/does not have a pension? or two incomes? Or a rental property? None of these tips really help someone that is facing 'retirement' within 5 to 10 years without those things already in place… What is the average age of the people watching your videos? Wouldn't it be better to focus on something doable for that demographic? I do not eat out, I plan meals, I finally have a paid off house and do not carryover credit card debts. As a single person, my adult life has been about staying ahead of poverty. I no longer read because I have had a vision issue, so it's a struggle finding things 'to do' since I used to spend my spare time devouring books. I have a budget that I closely monitor. Had I started with tips like you mention here 20 plus years ago, yes I would be in good shape for retirement, but being single it was never an option, or at the least I did not have the financial sense back then. My journey began about 5 years ago and since I am now 61 I know that I will probably be working for the rest of my life.
😂😂😂😂😂😂
Are you going to say they never argue or go to bed mad. 😂
Good for them! I am NOT wired that way.
AT 51 we have absolutely zero debt and through out our lives we only bought 4 new cars and I get her handy me down used cars and I always work on our cars. We paid off our first house we first bought. At 57 when our kids finish their 4 year degrees (I am an emigrant and a high school drop out) we will have their tuitions paid and we will retire. Current net is $1.6M.
counting we “live” till 90 our net at 57 if you count the guaranteed pension, SS, and investmentss our net would be north of $5M.
It will keep growing because we always live on half of what we made. Our goal is to figure out how not to leave a tax problem to our kids and hopefully grand kidsssssssss.
This was so much more interesting than a list of frugal tips!
PENSIONS AND 401KS WILL BECOME JUNK
Good morning SARA, awesome video,great tips.
Wonderful!
I came across your channel about a month ago. I sub. I am watching from JOHANNESBURG, SOUTH AFRICA 🇿🇦
What is concidered a small house?
Really good video! Thanks.
If I had a big lunch like that, I wouldn't need dinner
The older I get the more I'm appreciating good health for all kinds of reasons, including the awesome economy of it!
Live below your means and focus on your needs (& wants)- for yourself, not for keeping up with others.
Irritatingly, here in the UK car parks have started to be 'Card Only'. I always budget with cash! Similarily many supermarkets have 'Card only' checkouts. Sometimes, these are the only ones open as well! Of course i like to pay cash again!
Hello from Germany, this does not sound like the 'typical american behaviour' when it comes to consumption, it sounds more like a european/german way of dealing with financials.
I love how she said they only make 100 thousand dollars which isn't much by today's standards. Try doing what they are doing living off of 30 thousand a year then I would be impressed.
A100K a year isn’t low income mine is at 36k a year.
I like to camp as well. But, I don't need a camper. Depending on where I camp, I'll either camp in my tent (not sure how old it is, but probably at least 20 years), or the cap I just got for my pickup. I don't need fancy.
My husband and i are in sync with our finances. This is the reason i could retire at 56. I would love a video on what you think of "no spend" challenges? I see the trend is leaning toward no spend years. Do you think it's sustainable?
❤❤❤😮😮😮😮😅😅😅 Great job Sarah
Smartest budgeting thing I did was to put my credit card on autopay. It forces me to be conscious of my spending. While it's great to occasionally (rarely) treat myself to something beautiful at Bloomingdales, perfectly good jeans at Goodwill cost less than $7, and some are from upscale brands. I don't begrudge food service workers their income, everyone has to earn a living, but I find it very difficult to spend $100 on dinner out. On my budget, a little more than $100 can buy a week's groceries. The biggest surprise for me is that I don't feel like I'm depriving myself.
Please remember to get things marked below prices
Invest as much as possible out of your paycheck. Don’t start low and think you will gradually increase the amount. Do the opposite. Start high and then you can cut back if you truly decide you need to eat. I always invested as much as I could and found other ways to live off the rest. Try investing 15% or higher and not just 2%. Track your net worth. That is better than creating a budget. You will find that you really can live on less once you start to see your assets grow. I watch so many of these “frugal” influencers who rationalize spending money on useless things like the latest kitchen gadgets.
We read that book when it first came out and it is absolutely a must read. We actually bought several copies to give to family. One point it made was that wealth that is inherited is usually blown by the third generation except for Scottish families. My husband was Scotch Irish and he took thrifty to the extreme. We only had one income and no pension. We got cable in the 1990s after our kids who were still at home paid for it. Our children paid for their own college education and their own weddings. My husband and I got two degrees on our own and our kids proved that they could do it too. All 3 have master's degrees and are very well off by their own ambition. They own large homes (4-6 bedrooms), travel, and can buy anything they really want. Both sons are capable of building and fixing anything. They can do carpentry, plumbing, electrical work, landscaping, gardening and are completely rehabbing their homes. The oldest son's home is on 28 acres and he also owns 3 condos that he rents ( the one he purchased in 2000 right after college and the other 2 were purchased at bank foreclosure) He purchased a home at $100,000 less that original cost and sold at a profit. He also purchased a cabin on 12 acres that he sold at double what he paid. The youngest son has 2 homes, the first of which he rents. The home he lives in is 6 bedrooms and 3-1/2 baths. With 5 kids he has this on the salary of a school teacher. All 3 have substantial savings and retirement investments.
My husband and I attained that milestone before the great recession hit. He died just after that which meant that I have been living on social security and IRA money for the past 14 years. The fact that we squirreled away the money when we were young means that I can live comfortably now.
Youtube have LOADS of free movies.
Live below your means.
Appreciate this video!
Hi Sara, I love your videos! I learn so much from you! I have a question! Could you help me in finding a you tube video about paperwork and how long you keep the documents. I’m talking about how long do you keep credit card statements, insurance statements(car), Comcast statements, utility statements and taxes? Nobody ever answers this question for me. I would truly appreciate your expertise on this matter! I would appreciate any help you can give me. Thank you in advance!🙏🙏
That’s what gets me,he doesn’t do team. It makes it difficult to be frugal.
Hi Sara! Huge fan of your channel here. I love these types of videos because they are so TRUE, from my experience. The average millionaire, no matter how they got there, is not crazy or super lavish or very flashy nor do they typically drive the type of car you might think they do. They're ALL over the place here in Silicon Valley, where I live, and many of these everyday millionaires are actually quite unassuming and typically, give or take some exceptions and or splurges, live pretty normal lifestyles, you'd honestly never call them out in a crowd based on their looks etc. They're practical, they use their money to invest to make them more money over time, they don't burn that money and protect themselves for retirement, protect their kids, to save for a rainy day as they age and may face an emergency or even invest in experiences, rather than spending it on material things that don't matter on superficial levels. They don't always retire early or right away, they know cars are depreciating assets so they don't get car loans or buy the latest and greatest models, often they don't buy the biggest and newest house on the block…esp. if the millionaire status you are referencing includes real estate investments in pricey areas. But a house might be some or fully paid off and they save for fixes in advance, if or when they can. Thank you for covering this important concept that people who have true honest wealth don't need to always flaunt it or try to buy things to look better than they are or compete with strangers or prove anything to anyone. They're actually probably just likely often confident in themselves and their basic and stable finances, so they have no need whatsoever to prove anything to anyone.
Great tips❤