A Minimalist Approach to Personal Finance | Onlyinvesting.info

In my humble opinion, the most important step in personal finance is to read the book "Millionaire Next Door". It's a real eye opener.

Great content.

I now spend to save etc
eg I usually spend 10% on crypto eg digital currency and 10% on domain names eg digital land on the internet etc as any investor will tell you that cash in the bank is the worst investment – so I invest 10% crypto and 10% domains eg digital assets each month even before food and bills so that I have digital asset collateral which I can use digital assets to refinance myself should I need to etc plus as I day trade options on the stock market for years in practice accounts etc people don't realise that anyone can trade the stock market from their phone with the potential to make 10%+ return on investment the same day although very risky as most people lose all their money but you only have to type day trading in to YouTube at 14.30pm uk time and you can watch YouTubers day trading live for real and or type domain flipping in to YouTube and you'll see people buying domain names for £10 and selling them for £1000's
hope this helps someone

I like the simple statement that the basic goal should be financial freedom, not being rich.

Being mindful of what we consumne is different from living paycheck by paycheck. My mindset is that i have the right to be rich and money really can help me enjoy my life & support others easier. I feel myself deserve to the things that i want, but i also need to be insightful of what is the thing that i really need to avoid being in trap of comsumptionism. I love the idea of simple&free lifestyle with free finance.

Been trying to learn this forex trading
So I wanted to buy Bitcoin and trade on my own but I still can't grasp the entire concept

4 years later and this simple advice still applies – and it still will in 40 years.

Spend. Less. Money. Than. You. Make.

Hopefully more persons are successful but as u see around u it’s a low ratio of population

What if the way I want to Increase my Lifestyle is paying for my Gymnastics Classes but I'm willing to work two Jobs in order to save more ?

I've always been terrible with money. Never had any as a teenager and if I ever earned something, it was immediately thrown out again. When I first started working it went from salary to salary and always on the edge. Every walk to the mailbox was a nightmare because there was always the fear that another bill would come. You don't talk about money, so I didn't deal with it much. Somehow it always worked. It got better over the years but never really stable. Saving was never possible and even if money was left over, it was spent.
For 1 year I have been more concerned with my money. See how I can get a clear overview of my salary and my additional income. I'm still paying off loans and my mobile phone contract is way too high. But even that will get better. The last loan will expire in the summer and my smartphone contract will be changed. I'm trying to save money and now have ETFs as well. All normal things especially for youtube viewers of such channels but it was a journey. And I never want to experience anything like that again. Money is now talked about in the family and realistic plans are made for saving and big purchases. Why am I writing all of this here? I honestly do not know. I'm just happy and grateful that there is YouTube content that helps you in life.
Thanks for the input and inspiration.

Back then, I thought the expensive hobbies were worth it.

I thought spending an extra year in college wouldn't hurt financially.

I didn't think the used car would matter much.

I figured those courses would be put to use.

Not, I realized I have a money problem.

Day 3 of a simple 50/30/20 budget. Instead of trying to do it all, I'm opting for slow growth.

1 habit. 6+ months. Focus.

We got this bois

Tell me, where do you store all your camera gear. I have difficulty with all the soft boxes, flashes, lenses, backdrops, tripods, etc. These gear are akward shaped and difficult to store neatly.

Hey, I know this is 4 years old but I remember watching this playlist 4 years ago and thinking "yeah, but I just don't make enough money." Then the pandemic happened and I was furloughed.. this was my opportunity to pay off my debt that I had accumulated through shear immaturity.. buying things I didn't need but wanted. So, in 2020 I decided to pay off my debt and achieved that by September 2020.
Moving on a few years, I found myself still not having an emergency fund and almost living pay check to pay check.. not quite that bad but I still hadn't quite worked out money and personal finance — I was doing much better though, no more debt and just trying to learn and work out personal finance. Then at the end of 2022, I discovered Dave Ramsey and revisited these videos. I'm now saving as much as I can for my emergency fund, once I've hit £1000 I will put that into premium bonds and start again. My aim is to eventually have £5000 of emergency funds and then add more to my retirement. I don't know if it's the same in the state's but here in the UK we have work pensions where the employer contributes almost the same as the employee. I have just increased my percentage for my pension.. yes, I won't be able to buy as many things as I want but, I've finally realised that.. what I want, I don't necessarily need. Apart from this ice cube tray I've seen on Amazon .. I want and NEED that 😂 anyway, I wanted to share my story and journal to financial freedom. I don't earn a lot of money . But I earn just enough to be smart with it. Thank you Matt for a great playlist that I'm sure is helping so many others like me.. albeit 4 years later 😂

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

I'm not even kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.

"How to Create Your Personal Budget: A Step-by-Step Guide"

https://youtu.be/wx8fATQfYlg

When I graduated college in 2010 I asked my peers when they were going to hire a financial planner. They told me they didn't have any money since they just graduated so why would they need a financial planner.

This coming from alumni who graduated with a business degree and obviously ignored the clear messages that we got from our professors in accounting, finance and managerial finance. They believed that these principles only apply to business and not to personal finance. How wrong they were then and now.

I mentioned that financial planners will not only help you get started in reaching your first goal but to plan future goals. Many of my peers would be making more money their first year out of college than what their parents are currently making without a degree.

Many of my peer had to do without while growing up because mom and dad made just enough to raise kids, pay for a very modest home while driving cars that were 15 years old or older. Now that they are making real money they're wildly spending money that their parents didn't have.

They're two salary earners buying $250k home and new cars, really over extending themselves. Should one or both become victims of a recession, layoffs and a soft job market they could lose everything and move back home for mom and dad to support.

It is never too late in life to seek the assistance of a financial advisor. Keep in mind he will make suggestions that you will not like. He will make it clear that in order to reach a goal your spending habits will have to change. That means you'll need to buy ONLY the things you need and not what you want.

In other words if you need shoes do you really need the $300 Nikes or will the $70 pair from Academy be enough. Do you really need a $60k BMW when a $25k Toyota will suffice with lower car and insurance payments, much better gas milage and much lower cost of ownership?

I have to applaud the marketing guys who are able to play on our emotions to get us to buy all that crap we really don't need and will likely end up in a closet brand new and unused for years.