My expenses went up 91% in LA ?? | Money Diaries

Invite to another episode of Money Diaries, where I'm offering you a behind-the-scenes take a look at my financial resources after moving from to LA

. In this video, I'm breaking down the insane modifications in my expenditures, upgrading you on my passive income sources, and sharing some huge shifts in my investment method. Stay to hear how I'm adjusting to a greater cost of living, simplifying my monetary life, and why I'm starting to dream even larger in LA!

TIMESTAMPS
00:00:51 – Crossover Point Update
00:02:10 – Passive Earnings
00:03:58 – Organization Income
00:04:29 – Business Expenses
00:06:36 – Individual Costs
00:11:24 – Financial investment Strategy

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*** THINGS DISCUSSED IN THIS VIDEO! ***.

Join my Call to Freedom Newsletter here

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*** BOOKS I SUGGEST ***.

I Will Teach You to Be Rich (hilarious how-to book on for millennials).

The Little Book of Common Sense Investing (Jack Bogle's traditional guidance on index funds).

InvestED (detailed, millennial-friendly guidance on how to select stocks like Warren Buffett).

Unshakeable (this book = courage. blast ALL the fears & misunderstandings you have about investing).

Rich Dad Poor Dad (# 1 selling individual financing book of perpetuity … need I say more?).

Think and Grow Abundant (the ultimate book on money frame of mind and wealth consciousness).

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*** MY FAVORITE CASH TOOLS ***.

YNAB (I actually can't live without this app, so obsessed).

Wise (like Venmo however for international currencies – I use this app a LOT for my life in Mexico).

High-Yield Cost Savings Accounts (don't opt for 0% when you can get 3%+ on your savings).

Journal Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):.

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DISCLAIMERS & DISCLOSURES ❤.

This material is for education and home entertainment purposes just. Rose does not provide tax or financial investment advice. The details is being presented without factor to consider of the financial investment goals, risk tolerance, or monetary scenarios of any specific financier and may not be suitable for all financiers. Past efficiency is not a sign of future results. All investing includes threat, consisting of the possible loss of principal.

This description contains affiliate links that allow you to find the products discussed in this video and support the channel at no cost to you. participates in the Amazon Providers LLC Associates Program, an affiliate marketing program created to offer a method for websites to earn marketing costs by marketing and connecting to www.amazon.com. Thank you for your support!

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@itsrosehan is my social networks manage on all platforms. I will never ever message or email you about financial investment schemes, so please be careful and block & report any scammers posing as me.

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Money Diaries | Increasing my expenses by 91% moving to LA

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About the Author: Richard Money

19 Comments

  1. I am here for the premiere. You are doing great. Rental property requires your full time involvement.

  2. That’s crazy that it cost $900 per month on transportation on average. So it’s cheaper to take a slightly cheaper remote job and sell your car than keep playing office life 🤯🤦‍♀️

  3. Love these updates! Does your health insurance cost $3,800/ month for just one person? That seems extremely high!

    1. Agreed, that is really high for health insurance even for a family. She could have a really great health insurance plan (Cadillac), but makes me happy to have my family’s plan through my employer. Rose makes me feel like I just got a $45K raise out of no where lol.

  4. I think it makes sense to buy instead of rent at $5000 rent a month. Hope everything is going well for you Rose. Welcome to L.A. hope to bump into you one day. Chances are slim since I don’t get out much. 😅

  5. loved the update Rose, maybe you can make an in-depth video about the long-term stock market investment that pays good dividends, ETF, etc… thanks.

  6. Thank you for the update Rose. Glad you explained the reason for such high rent – even for LA. Being close to the beach in a very walkable area makes more sense for the $5K a month rent. We live 2 blocks from a major lake in a top 10 expensive city and our mortgage is just over $5K a month ($1.7M home), so your rent seems crazy high, but you are renting in a very specific area of LA. Also, I would be livid with your property management company. We manage our own properties and have always thought about hiring out a management company, but if they didn’t pay me what I am due for months… I would definitely look at litigation quickly. Losing out on a couple hundred or thousand dollars over months when the risk free interest rate are close over 4% is terrible. Like you said, we are not into remote rentals, so we only have properties near us (with 10 miles). We have definitely had a couple headaches over the years with rental properties, but the diversification from the stock market with similar returns (appreciation and rental income) is more than worth it. Again, the stock market is great and an awesome investment vehicle, but there are pitfalls and down times – while diversification ensures winning every time.

  7. Welcome to LA! Great video, kinda surprising how some costs in Mexico City were relatively close to the prices in LA. Btw, who is your video editor?

  8. Seeing this video just went up, I assume you filmed the other day. Looking at the stock market today as well as the economic news that is coming out yesterday and today. What are your thoughts about your ETF investments and how are you adjusting for that?

  9. Not only that you have rental property, which I imagine comes with many challenges, but you have rental property in Mexico which I would suspect adds a whole set of new challenges. I left California last year for North Carolina after living in Cali for all my life, and have never been more happy I did. The amount I save on gas and utilities alone have out weigh any advantages of living in California. I hope you enjoy it there.

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