3 Easy Money Habits I Swear By

Today I'm sharing 3 crucial rules I've followed with my finances since I started making and saving money.

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⏱ TIMESTAMPS:
00:00 - Intro
01:28 - Build a War chest
03:27 - Maximize Tax-Advantaged Retirement Accounts
08:08 - Be a Deadbeat

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Video clips supplied by Getty Images

[Thomasfrank]

Hope you all enjoy this one! NOTE: Since this is a money video, it's almost guaranteed that spammers will impersonate me in the comments. Please be careful about what you click.

Some more stuff you may find helpful:


I'm a nerd about this stuff, so I'm excited to do more detailed videos this year. Already got ones planned for credit cards, IRAs, buying a house, and investing.


If you have questions or topics you think I should cover, let me know!

[Dhishan]

The thought and effort you put into telling a story in your videos is next level. Well done. I am inspired.

[astrostorm]

When I started watching Thomas, I was in my second year at uni and looking for that academic + productivity content. Now that I am working and making money, I am looking for these financial videos. It's great to see Thomas grow his content with his audience ge/life. :)

[neathenerd]

This year my goals are definitely focused quite a lot around money so thanks for this, Thomas!

[Katherinehara]

I started watching you when I was in university. Now I'm in my third year as a teacher. I feel like we both grew up. 😊

[ForeignManinaForeignLand]

Less than 30 secs in and we already getting a Civ reference? I’m SOLD

[mrsmichelledaniels]

You have no idea how serendipitous this is. I can’t wait to follow this series. Thank you for all the tips and can’t wait to get more.

[madster]

Thank you for putting everything in a simple video format and chewing the information for me. Have a Big Like Thomas 💚

[TheMrTelespectador]

Absolutely amazing chart for the War Chest, congratulations on it Tom! I'm impressed.
As always, thanks for the golden content, and have a Happy & Productive New Year, buddy! Cheers!

[RealJamieBarclay]

The idea of always having enough money to pay for this AND next months expenses is a REALLY good tip.

Along side that, I recommend only buying stuff if you can reasonably afford to buy it twice.

If you're in a fortunate position that you're quitting your job to chase your dreams, I recommend having a years worth of financial run way so that you have a solid year to make your dreams come true.

[KatrinaEames]

This was a solid base of financial advice, my job just added the benefit of matching our retirement funds which is very exciting! Right now I'm trying to work out if I want to prioritize putting more money into my retirement account or trying to pay down more of my student loans

[fruitfulbeing]

Helpful 3 rules to structure your approach to finance and managing your money. Underlying it is a live within your means principle and add financial margin to your life. As ever love how you have put this all together. Thanks

[ThePrimeVID]

love the idea behind the war chest, and gamifying the milestones to financial freedom!

[skyebrownh]

Love the transition to more personal finance videos. I find a lot of value in them (I'm sure others do too).

[harrygreen]

Keep coming back to your videos, and find them to be great even years on.

[leroymcleroyify]

The transition to capability and skills for those of us post college and university is incredible and truly helpful. Love this new direction

[RealJamieBarclay]

Money doesn't solve all of your problems, but it does solve all of your money problems. Here are rules for a happy financial life.

1) Reduce your expenses to ONLY the things that actually make you happy

2) Build multiple income streams (ideally from things that you enjoy) until you consistently make more money than you spend each month

If you're income is not directly tied to your time, you will have financial freedom. Good luck soldier.

[klone]

Extremely stoked for the new direction you're taking the videos! Cant wait for more finance topics

[petermysels]

EXCELLENT job differentiating capital gains and tax drag when considering taxable accounts and retirement accounts! So easy to understand!

[pistachiopistachio]

Wow. You touch this topic without causing anxiety which happens always. Thank u