After climbing out of $100k in debt and becoming economically free, I reflected on what being "good with money" REALLY means. Here's a short list to see how you're doing. The bright side is that you can start being excellent with cash TODAY, because being good with money has more to do with the actions that you're handling a consistent basis, instead of just how much cash you have in the bank.
TIMESTAMPS
00:01:00 – # 1 Your net worth is moving in the right direction (up vs. down).
00:03:45 – # 2 You're working towards the "Crossover Point".
00:05:50 – # 3 You feel GREAT about investing money.
00:08:42 – # 4 You're economically prepared for (nearly) anything.
00:12:55 – # 5 You can talk freely about money.
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*** THINGS POINTED OUT IN THIS VIDEO!
YNAB (budgeting app):.
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*** COMPLIMENTARY TRAINING: The 3 Tricks to Buying Times of Uncertainty.
How to construct wealth on auto-pilot, even if you're scared, completely puzzled by monetary jargon, and tend to get stuck in "analysis paralysis".
← SIGN UP HERE.
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*** BOOKS I RECOMMEND ***.
I Will Teach You to Be Rich (humorous how-to book on individual financing for millennials).
The Little Book of Good Sense Investing (Jack Bogle's traditional recommendations on index funds).
InvestED (detailed, millennial-friendly guidance on how to pick stocks like Warren Buffett).
Unshakeable (this book = nerve. blast ALL the worries & mistaken beliefs you have about investing).
Rich Papa Poor Papa (# 1 selling personal finance book of all time … need I say more?).
Think and Grow Rich (the supreme book on money mindset and wealth awareness).
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*** ROSE'S FILMING EQUIPMENT ***.
Tripod (travel-friendly):.
Video camera:.
Microphone:.
Lens (for fuzzy background):.
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DISCLAIMERS & DISCLOSURES ❤.
This content is for education and entertainment purposes just. Rose does not supply tax or investment guidance. The information is being presented without factor to consider of the financial investment goals, threat tolerance, or financial circumstances of any particular financier and might not be suitable for all investors. Previous efficiency is not indicative of future results. All investing includes danger, including the possible loss of principal.
This description includes affiliate links that enable you to find the items pointed out in this video and support the channel at no charge to you. Investing With Rose participates in the Amazon Services LLC Associates Program, an affiliate advertising program created to offer a way for websites to earn marketing charges by marketing and linking to www.amazon.com. Thank you for your support!
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Would you like to see more budgeting videos from me? Hope you guys enjoyed this one 🖤
Great 👍🏿 Rose… Yes Budgeting video please 🌞
Yes…more budgeting videos
Greetings Rose, you’re a natural educator. Yours are the financial videos I send to my nieces.
Yes, please!
Thank you Rose.
We appreciate all you do to help us all become good with money!! 🏆😁 Thanks for the 5 point checklist! ✅
My Girl Rose, you knocked it out of the park again! I am an older guy (60) with younger kids, (18, 15, 6) a financial planner at one time (Series 7, 66, Variable Ins) and I always discuss money in little bites with them and try to lead by example. Your video here, however, is like THE roadmap for these younger people who STILL get zero training about money in school. I think you are the perfect age to lead a whole generation into financial literacy as well as ENJOYING the process of building equity. You have the road map, and they can see through your interesting life, that the proper use and harnessing of money can bring you freedom and with a little luck, happiness! My Dad always told me, “work hard for your money and make your money work hard for you”. You really have a teaching gift. Brains and beauty too. I always enjoy your videos!
I really looove this video, Rose! So sobering and inspiring at the same time. Take care always! 💕💕
Great video! The content was spot on and super helpful cheers!
I just wanted to tell you that you’ve helped me so much in a short amount of time and I’m so grateful for your videos. I started watching you a month ago, and I opened and put some money into a high yield online only saving acct for emergencies, and I’ve also made moves in paying off my credit card! You were the catalyst that got me in that direction. My mind set has been shifting every day since, your videos motivate me so much! Thank you truly
Ps budgeting!
Your knowledge and experience is very valuable. This video was savage ❤️❤️
Love your videos. One day at a tine too financial freedom!
Loving the balance of your channel Rose. Perfect 👍
Fantastic video! A great refresher and milestone check point, thanks Rose!
Thanks for the money talk, always enjoy your talks. So clear.
This is like your first video. Great for newbies. Your options videos really helped people make money. As far as your parents making money taboo . Well my mother showed by example opened me a saving account with my first job ( father died young before I could work) never talked about money but was frugal best lessen ever and never just gave me money only on birthday and Christmas. So we need to learn by example and your parents probably did a good job as well. Be appreciative of them and respectful as Asian culture teaches.
Back in the money groove! I enjoy the lifestyle stuff, but this is obviously your groove, and it’s been so helpful! Can’t wait to hear what you have to say about budgeting…
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Thanks for all you do. Great tips always. Hope the house is going well too. Thank you Rose!!
Appreciate your financial knowledge and tips!! Definitely a good thing to plan for the unexpected with additional cash on hand 😊
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Thank you Rose. I’ve been thinking, can you use your credit card as a back up emergency fund source, and invest the money you would have put in a savings account? Seems a waste to just let the cash sit in a savings account.
I reached that cross point at 41 or 42. It felt great. But then I was bored out of my mind so I took a job as an actor to keep myself busy during the day. I would have been better off starting a small business. Which, later I did.
No matter how rich you are and how many assets you have one still needs a reason to awake in the morning.
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So practical and nicely explained! I want to learn how Excel can be used to budget where I can feed in my daily expenses, income from salary, stocks, other investments and foreseeable expenditures, tax, etc.. like an individual’s balance sheet..
If I may say something; GOOD JOB ROSE !!!
Very touching and encouraging vídeo. “The pace that you start with is never the pace that you end with” ❤️❤️ Thank you